12 January 2023: No Change Seen In Fuel Rates In India; Crude Oil Climbs 3% In Global Market

12 January 2023: The fuel rates remained to be constant in the country on 12 January 2023, i.e. Thursday. However, the crude oil has seen fluctuations. Brent crude futures had risen 53 cents, or 0.7%, to $79.10 a barrel by 0114 GMT while U.S. West Texas Intermediate crude was at $74.23 a barrel, up 46 cents, or 0.6%.

Crude oil prices climbed 3 percent to a one-week high on Wednesday as hopes for an improved global economic outlook and concern over the impact of sanctions on Russian crude output outweighed a massive surprise build in US crude stocks.

On May 21th 2022, Union FM Nirmala Sitharaman reduced the excise duty on petrol by ₹8 per litre and on diesel by ₹6 per litre across the entire country. In Delhi, the cost of petrol is ₹96.72 and that of diesel is ₹89.62 a litre, respectively. Petrol costs ₹106.31 per litre in Mumbai while diesel costs ₹94.27.

Also Read: 11 January 2023: Fuel Rates Remain Unchanged Today; Global Markets Likely To Experience Inflation

Oil Rates In The Cities

Amid the constant fuel prices, cities like Mumbai and the national capital Delhi has Petrol rates at ₹106.31 per litre and ₹96.72 per litre respectively. Diesel costs about ₹94.27 per litre and ₹89.62 per litre respectively.

In Kolkata, the cost of petrol is ₹106.03 and that of diesel is ₹92.76 a litre, respectively. Petrol costs ₹102.63 per litre in Chennai while diesel costs ₹94.24. In Bengaluru, it’s ₹101.94 for a litre of petrol and ₹87.89 for a litre of diesel.

Chennai: Petrol rate: ₹102.63 per litre, Diesel rate: ₹94.24 per litre

Kolkata: Petrol rate: ₹106.03 per litre, Diesel rate: ₹92.76 per litre

Bengaluru: Petrol rate: ₹101.94 per litre, Diesel rate: ₹87.89 per litre

Lucknow: Petrol rate: ₹96.57 per litre, Diesel rate: ₹89.76 per litre

Noida: Petrol rate: ₹96.79 per litre, Diesel rate: ₹89.96 per litre

Gurugram: Petrol rate: ₹97.18 per litre, Diesel rate: ₹90.05 per litre

Chandigarh: Petrol rate: ₹96.20 per litre, Diesel rate: ₹84.26 per litre

Mumbai: Petrol rate: ₹106.31 per litre, Diesel rate: ₹94.27 per litre

Delhi: Petrol rate: ₹96.72 per litre, Diesel rate: ₹89.62 per litre