Business

18 January 2023: Fuel rates constant in India; Crude oil dips at 0.5 per cent in global markets

18 January 2023: The fuel rates held steady across the country on 18 January 2023, i.e. Wednesday.

Union FM Nirmala Sitharaman reduced the excise duty on petrol by Rs. 8 per litre and on diesel by Rs. 6 per litre across the entire country, last year. Despite the unchanged fuel rates, crude oil has seen fluctuations. Brent crude LCOc1 futures were down 38 cents or 0.5 per cent at $84.08 at 0114 GMT, extending a 1% loss in the previous session.

In a media report, at least four Chinese-owned supertankers were shipping Russian Urals crude to China and a fifth supertanker was shipping crude to India, with the oil available at a discount following the imposition of an oil price cap by the Group of Seven (G7) nations.

A rise in the dollar off seven-month lows also dragged on oil prices, as a stronger greenback makes oil more expensive for those holding other currencies.

Fuel Rates

Amid the constant fuel prices, in cities like Kolkata, the cost of petrol is Rs 106.03 and that of diesel is Rs 92.76 a litre, respectively. Petrol costs Rs. 102.63 per litre in Chennai while diesel costs Rs. 94.24. In Bangalore, it’s Rs. 101.94 for a litre of petrol and Rs. 87.89 for a litre of diesel.

Mumbai and the national capital Delhi have Petrol rates at Rs 106.31 per litre and Rs 96.72 per litre respectively. Diesel costs about Rs 94.27 per litre and Rs 89.62 per litre respectively.

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

Kolkata: Petrol rate today: Rs 106.03 per litre, Diesel rate: Rs 92.76 per litre

Bangalore: Petrol rate: Rs 101.94 per litre, Diesel rate: Rs 87.89 per litre

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

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

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

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

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

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

On August 24, Meghalaya increased the VAT on the fuel price resulting in petrol costing Rs 96.83 per litre in Shillong, whereas, diesel is at Rs 84.72 per litre. The city has been the last to change the fuel rates.

Also Read: BSE Sensex Soared 562 Points & Nifty Ended Above 18,050

Alina Khan

Recent Posts

India And Nigeria Strengthen Counter-Terrorism Cooperation In Second Strategic Dialogue

Doval and Ribadu held detailed talks on challenges linked to terrorism and radicalization, including those…

2 mins ago

Ola Electric’s Share Hits All-Time Low Of Rs 74 Ahead Of Q2 Results

Analysts predict that the stock could drop closer to the Rs 70 mark. Ola Electric…

59 mins ago

US Election: Voting Begins With First Ballots Cast In New Hampshire

This election is one of the most divisive in US history. Harris and Trump have…

1 hour ago

Waqf Bill: Opposition MPs Meet LS Speaker, Lodge Protest Against JPC Chairman Jagdambika Pal

Opposition members alleged that Pal calls JPC meetings without consulting them and restricts their opportunity…

2 hours ago

Delhi HC Rejects Khalid Saifi’s Plea To End Attempted Murder Case In 2020 Riots

The Delhi Police opposed Saifi’s bail, citing evidence from WhatsApp messages exchanged among the accused.…

2 hours ago

Maha Kumbh 2025: Uttar Pradesh Enhances Security With Face Recognition Cameras

To protect millions of devotees at Maha Kumbh, the UP govt is implementing advanced security…

3 hours ago