On January 7, 2022, fuel prices in major Indian cities stay unchanged. The state-run oil marketing corporations published the pricing of gasoline and diesel on Friday, which had not been adjusted in two months.
Last November 3, the government reduced the excise duty on petrol and diesel by Rs 5 and Rs 10 per liter, respectively, providing significant relief to consumers mentioned as for Diwali. Following this, many NDA-ruled states reduced the Value-Added Tax (VAT) to provide additional relief to customers who had been pummeling by record-high petrol costs.
In Chennai, a liter of petrol will cost roughly Rs 101.40 and a liter of diesel will cost around Rs 91.43. Petrol rates Rs 95.41 per liter in Delhi, while diesel costs Rs 86.67 per liter. In Mumbai, on the other hand, a liter of petrol costs Rs 109.98 and a liter of diesel costs Rs 94.14.
Meanwhile, the price of a liter of petrol in Kolkata is Rs 104.67, while one liter of diesel costs Rs 89.97.
OMCs such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum update fuel prices depending on worldwide pricing in the last 15 days and foreign exchange rates. Any adjustments in fuel and diesel prices take effect at 6 a.m. every day.