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Fuel Rates Static On November 12, 2021; WTI Crude Falls To $81/bbl
Petrol and diesel prices across the country on November 10, 2021 are constant for the eighth day in a row today. The fuel rates have reduced after the excise duty cut. Petrol rate in the country saw a reduction in price by Rs. 7-8, while for diesel rates came down by Rs. 11-13 per litre.
Here are the latest fuel rates as on November 12, 2021:
| Metro city | Petrol rate in Rs/litre | Diesel rate in Rs./litre |
|---|---|---|
| Delhi | 103.97 | 86.67 |
| Mumbai | 109.98 | 94.14 |
| Kolkata | 104.67 | 101.56 |
| Chennai | 101.4 | 91.43 |
The centre has announced excise duty reduction on auto fuels petrol and diesel by Rs. 5 and Rs. 10 respectively. Post which several BJP led states have also reduced the VAT implication but even after this fuel rate still rules above Rs. 100 mark in most Indian cities.
International crude rates
Oil prices are down for the second day in a row with WTI benchmark down 0.61-0.63 percent to $81 per barrel. The gains in the dollar amid the US administration's likely stance of seeking ways to lessen energy costs amid broad based increase in inflation has led to a drag in crude prices internationally.
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