Business

28 April 2023: Petrol And Diesel Prices Remain Constant Today, Check Rates Of Metro Cities

28 April 2023: The petrol and diesel prices stagnated on 28 April 2023 i.e. Friday, for ten consecutive months.

Petrol and Diesel prices

Petrol price in Maharashtra has decreased by Rs 1.02 to Rs 106.15 per litre. At the same time, diesel is being sold here at Rs 92.67 per litre, down by 99 paise.

In the national capital, the petrol rates at Rs 96.72 per litre and 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: Sequoia-backed Fintech Razorpay Joins ONDC

Value-Added Tax On Oil Rates

Any changes in petrol and diesel costs are implemented from 6 am every day. 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.

Oil Minister Hardeep Singh Puri recently asked OMCs to cut the retail prices of petrol and diesel if the crude oil prices in the international market come down and also if OMCs under recovery come down. OMCs incurred a loss of Rs 21,200 crore on account of selling petrol and diesel below the cost price.

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.

Alina Khan

Recent Posts

OpenAI Launches ‘OpenAI Academy India’ To Boost AI Education Nationwide

OpenAI, in collaboration with the Indian government’s IndiaAI mission, launched its first international educational platform…

8 hours ago

Mahua Moitra Confirms Marriage To Former BJD MP Pinaki Misra

Trinamool Congress MP Mahua Moitra on Thursday confirmed her marriage to senior advocate and former…

8 hours ago

PM Modi Launches ‘Aravali Green Wall’ Project On World Environment Day

PM Narendra Modi on Thursday launched the ambitious ‘Aravali Green Wall’ project by planting a…

8 hours ago

Dassault And Tata To Manufacture Rafale Fuselages In India By 2028

French aerospace giant Dassault Aviation has signed four agreements with Tata Advanced Systems Limited (TASL)…

9 hours ago

PM Modi Emphasises Indian Railways’ Role In Building A Greener Future

On the occasion of World Environment Day, PM Narendra Modi underscored the crucial role of…

9 hours ago

AIIMS Delhi, IIT Delhi To Establish Center Of Excellence For AI In Healthcare

The All-India Institute of Medical Sciences (AIIMS) and the Indian Institute of Technology (IIT) Delhi…

9 hours ago