Petrol, Diesel Fresh Prices Announced For December 7: Check Fuel Rates In Your City

Petrol, and Diesel Prices on December 7: A slight decline is being seen in the prices of crude oil in the international market. Around 6 am on Thursday, WTI crude was being sold at $69.62 per barrel. At the same time, Brent crude has also fallen to $ 74.30 per barrel. Oil marketing companies in the country have released the latest rates of petrol and diesel. In India, fuel prices are revised every morning at 6 am. Before June 2017, price revision was done every 15 days.

Petrol has become costlier by 67 paise and diesel by 66 paise in Uttar Pradesh. In Haryana, both petrol and diesel have become costlier by 28 paise. There is a rise in the prices of petrol and diesel in Jharkhand, Karnataka, Punjab and Rajasthan. In West Bengal, petrol has become cheaper by 44 paise and diesel by 41 paise. In Maharashtra, petrol has become cheaper by 58 paise and diesel by 53 paise. Petrol and diesel have also become cheaper in Himachal Pradesh, Madhya Pradesh and Bihar.

At present, petrol in Delhi is being sold at Rs 96.72 a litre while diesel is being sold at Rs 89.62 a litre. Whereas in Mumbai, petrol is available at Rs 106.31 and diesel at Rs 94.27 per litre. While petrol in Kolkata is Rs 106.03 and diesel is Rs 92.76 per litre. On the other hand, petrol is being sold at Rs 102.63 and diesel at Rs 94.24 per litre in Chennai.

In India, oil marketing companies (OMCs) such as Indian Oil, Bharat Petroleum and Hindustan Petroleum determine petrol and diesel prices. This is done daily, and rates are determined in accordance with the price of crude oil throughout the world.

Why do fuel prices vary across states?