7 January 2023: Ahead Of 231st Day, No Changes Seen In Oil Rates

7 January 2023: The petrol and diesel prices remain constant today for the 231^st day in a row on Saturday i.e. January 7. Despite of unchanged rates, crude oil has seen several variations, the price of Brent crude has fallen by about $3. Its can effect on Wednesday morning on the retail prices of petrol and diesel issued by government oil companies and today oil has become cheaper in many cities.

Union FM Nirmala Sitharaman on May 21th 2022, reduced the excise duty on petrol by ₹8 per litre and on diesel by ₹6 per litre across the entire country. In Delhi, the cost of petrol is ₹96.72 and that of diesel is ₹89.62 a litre, respectively. Petrol costs ₹106.31 per litre in Mumbai while diesel costs ₹94.27.

Oil Rates In Different Cities

Amid the constant fuel prices, cities like Mumbai and the national capital Delhi has Petrol rates at ₹106.31 per litre and ₹96.72 per litre respectively. Diesel costs about ₹94.27 per litre and ₹89.62 per litre respectively. In Kolkata, the cost of petrol is ₹106.03 and that of diesel is ₹92.76 a litre, respectively. Petrol costs ₹102.63 per litre in Chennai while diesel costs ₹94.24. In Bengaluru, it’s ₹101.94 for a litre of petrol and ₹87.89 for a litre of diesel.

City

Petrol

Diesel

Bengaluru	101.94	87.89
Bhubaneswar	103.19	94.76
Chandigarh	96.2	84.26
Chennai	102.63	94.24
Gurgaon	96.84	89.72
Hyderabad	109.66	97.82
Jaipur	109.39	94.55
Kolkata	106.03	92.76
Lucknow	96.33	89.53
Mumbai	106.31	94.27
New Delhi	96.72	89.62
Noida	96.59	89.76
Patna	107.24	94.04
Thiruvananthapuram	107.71	96.52

Also Read: 6 January 2023: Oil Rates Remains Constant Since 7 Months!

Rise In OMC’s Petrol Export

Export of petrol by Indian oil marketing companies (OMCs) rose 142 per cent in a year between 2020-21 and 2021-22. While there was a miniscule rise of less than 1 per cent in export of diesel during the same period. According to official figures, the OMCs exported 668 thousand metric tonnes (TMT) of petrol in 2021-22, which was 142 per cent more than 276 TMT of petrol exported by the country in 2020-21.

In 2020-21, the OMCs exported 1,985 TMT of diesel, while in 2021-22, it exported 1,994 TMT of diesel, a growth of less than 1 per cent over the previous year. The three OMCs, namely the Indian Oil Corporation, Hindustan Petroleum, and Bharat Petroleum Corporation, export petrol and diesel to several nations across the world. OMCs export surplus petrol and diesel to other countries only after meeting domestic demand in the country.