22 February 2023: No Change In Petrol-Diesel Rate Today, Check Price Of Metro Cities

22 February 2023: The petrol-diesel prices remained constant on 22 February 2023 i.e. Wednesday eight months in a row.

On 21^st May 2022, the finance minister, Nirmala Sitharaman reduced the excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre across the country

Petrol-Diesel rates

Petrol price in Maharashtra has decreased by Rs 1.02 to Rs 106.15 per litre. While diesel is being sold here at Rs 92.67 per litre, down by 99 paise, last week.

The price national capital Delhi has Petrol rates at Rs 96.72 per litre respectively. Diesel costs Rs 89.62 per litre

Whereas, in 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.

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

Mumbai: Petrol rate: Rs 106.15 per litre, Diesel rate: Rs 92.67 per litre

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

Also Read: Fuel Price Today: Oil Companies Releases The Prices Of Petrol, And Diesel, Know The Prices Of Your State…

Crude oil in global market

Despite unchanged oil prices in the country, crude oil has seen several fluctuations in the global market as well. A slight softening is seen in crude oil’s price in the international market. After the decline, WTI crude has reached nearly $79 per barrel and Brent crude is near $85.26 per barrel.

Value-Added Tax

Any changes in petrol and diesel costs are implemented from 6 am daily. The prices of petrol and diesel change state by state, depending upon various criteria such as Value Added Tax (VAT), freight charges, local taxes, etc. Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise their prices daily in line with international benchmark prices and forex rates.

Since the central government reduced excise duty, some states have reduced VAT prices on fuels.

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.

On January 8, 2023, the Himachal Pradesh government increased the Value-Added Tax (VAT) on diesel by Rs 3 per litre. On the other hand, the government reduced the taxes on petrol by 0.55 paise. Retail petrol and diesel prices vary from state to state, depending on several factors like freight charges, Value-Added Tax (VAT), local taxes, etc.