Petrol and diesel prices today, November 6: Petrol and diesel prices remained largely steady across major cities today, even with the Centre eliminating the additional excise duty applicable to petrol exports.
The cost of fuel varies across states and cities due to local taxes (Value Added Tax or ), freight charges, and other localised factors.
Here is a look at the petrol and diesel prices in major metropolitan cities as of November 6:
New Delhi: Petrol is retailing at ₹102.12 per litre, while diesel is priced at ₹95.20 per litre. The national capital continues to have relatively lower fuel prices compared to other metros.
Mumbai: In the financial capital, petrol is priced at ₹111.21 per litre, and diesel costs ₹97.83 per litre.
Chennai: Residents in Chennai are paying ₹107.76 per litre for petrol and ₹99.55 per litre for diesel.
Kolkata: Petrol costs ₹113.51 per litre, while diesel costs ₹99.82 per litre.
Bengaluru: Petrol is priced at ₹111.68 per litre, and diesel at ₹99.56 per litre.
Hyderabad: Petrol costs ₹116.15 per litre, while diesel costs ₹104.23 per litre.
Source: GoodReturns
Oil was on track for the biggest weekly loss since April after a volatile stretch of trading, as investors weighed prospects for an end to the months-long war in the Middle East.
West Texas Intermediate rose to trade near $91 a barrel on Friday, extending a rebound from a sharp selloff following a Democratic sweep of the elections. Still, prices are down more than 12% this week. While there are hopes for a faster end to the nine-month conflict, major differences remain.
Tehran wants a US naval blockade of its ports lifted, sanctions eased, and frozen assets released before fully reopening the Strait of Hormuz. Still, the New York Times reported Iran is reviewing proposals about its nuclear program presented by mediators, suggesting recent diplomatic efforts by Qatar to prevent a resumption of full military conflict are having some success.
Global benchmark Brent hit a six-month high in October as US President Donald Trump threatened renewed strikes on Iran following the midterms. For now, he is showing restraint, while Democratic control of both houses of Congress may constrain the administration’s ability to conduct further military action, Bloomberg reported.
Trump met with his national security advisers to discuss Iran on Thursday as part of his weekly intelligence meeting, Axios reported, citing two unnamed US officials. He is considering three options: new strikes, continuing efforts to hobble Tehran economically, or cutting a deal that includes significant concessions to the Iranians, the report said.
Despite frequent attacks on vessels transiting the , there has been a revival in crude exports from the Persian Gulf. That has prompted Saudi Arabia to cut prices for buyers in Asia from levels already at a six-year low, as producers compete for market share.
