Petrol, Diesel Prices Today: Check Delhi, Mumbai, Kolkata, Chennai latest rates

Diesel prices were increased on Thursday, after remaining stable for the last nine days. However, petrol prices remained unchanged.

Diesel prices

Diesel has become costlier by 15 paise per litre in Delhi and Kolkata, and 16 paise per litre in Mumbai and Chennai.

Petrol prices

According to the website of Indian Oil, petrol prices in Delhi, Kolkata, Mumbai and Chennai remain the same at Rs 74.63, Rs 77.29, Rs 80.29 and Rs 77.58 per litre respectively.

But in the four metros, the price of diesel has increased to Rs 66.19, Rs 68.60, Rs 69.43 and Rs 69.97 per litre respectively.

Petrol prices remained steady for the second day in a row, while consumers were relieved by the decrease in petrol prices for six consecutive days before that.

Inflation

Earlier, on December 16, it was reported, that after retail inflation, the prices of essential commodities especially food items such as vegetables showed a massive rise in November on wholesale basis. Accordingly, India's annual rate of inflation based on wholesale prices jumped to 0.58 per cent in November from 0.16 per cent in October.

However, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry showed a decelerating trend as inflation had risen to 4.47 per cent during the corresponding period of 2018.

"Build up inflation rate in the financial year so far was 2 per cent compared to a buildup rate of 4.56 per cent in the corresponding period of the previous year," the Ministry said in its review of "Index Numbers of Wholesale Price in India" for November.

On a sequential basis, the expenses on primary articles, which constitute 22.62 per cent of the WPI's total weightage, increased to 7.68 per cent from 6.41 per cent.

The prices of food items increased at a faster rate of 11.08 per cent from 9.80 per cent.

Onion price increased by 172.30 per cent in November while it was at 119.84 per cent during October 2019. Overall, vegetable prices in November rose 45.32 per cent against a rise of 38.91 per cent.

However, the cost of fuel and power, which commands 13.15 per cent weightage, deflated by (-)7.32 per cent from a decline of (-)8.27 per cent.

On a YoY basis, expenses on primary articles, which constitute 22.62 per cent of the WPI's total weightage, increased to 7.68 per cent from a rise of 0.59 per cent in November last year.

The YoY prices of food items increased YoY at a faster rate of 11.08 per cent from (-) 3.24 per cent.