Fuel Price Remains Unchanged Since 7 Months!

Fuel Price (Petrol and Diesel) in the country on 29 December 2022 remain to be unchanged since last seven months in a row. The latest country-wide change in the oil price was seen on 21^st May this year.

On 21^st May, Finance Minister Nirmala Sitharaman slashed excise duty on the petrol by Rs 8 per litre and Rs 6 litre on diesel.

Fuel Prices In The Cities

Ahead of the unchanged fuel prices in the country, Mumbai petrol costs Rs 106.31 per litre and diesel is at Rs 94.27 per litre. In the national capital, petrol costs Rs 96.72 per litre and diesel is at Rs 89.62 per litre.

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

Bengaluru:  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

Also Read: Today, 28 December: Fuel Prices Remain Constant; Check Prices In Delhi, Mumbai, And Other Cities

VAT On Fuel Prices

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, the 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 petrol to cost Rs 96.83 per lite in Shillong, whereas, diesel is at Rs 84.72 per litre. The city has been the last to change the fuel rates.

-Bharat Express