Fuel Rates In India Today

Fuel Rates: Petrol, diesel prices in the country remained unchanged on 27 December 2022. About seven months have passed since the last hike in petrol rates and diesel rates.

On May 21 of this year, 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 entire country.

Petrol costs Rs 106.31 per litre in Mumbai, while diesel costs Rs 94.27. In Delhi, the cost of petrol is Rs 96.72 and diesel is Rs 89.62 a litre, respectively.

Every day at six o’clock, any adjustments to the price of petrol and diesel go into effect. The daily price revisions made by public sector OMCs like  (BPCL), (IOCL), and (HPCL) are in accordance with foreign exchange rates and international benchmark prices.

The state-by-state variations in the cost of fuel can be attributed to factors like Value Added Tax (VAT), freight costs, local taxes, etc.

Oil prices rose on concerns that the frigid winter storms affecting the United States will impact the logistics and production of shale oil and petroleum products. Brent crude was up 73 cents, or 0.9%, at $84.65 a barrel by 0122 GMT, while US West Texas Intermediate crude was at $80.41 a barrel, up 85 cents, or 1.1%.

Oil has surpassed $90 per barrel for the first time since 2014, owing to Russia tensions.

Also Read: Petrol-Diesel Price: Crude Oil Prices Increased In The International Market Today, Know                             The Price Of Petrol-Diesel In India

Fuel Rates in Chennai, Kolkata, Bengaluru, Lucknow, Noida, Gurugram

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

Since the national government cut the excise tax, some states have likewise slashed the fuel VAT. In July, the Maharashtra government reduced the value-added tax (VAT) on diesel by Rs 3 per litre and on petrol by Rs 5 per litre. The last state to update fuel rates was Meghalaya, which raised its VAT on August 24. As a result, Shillong now pays Rs 96.83 for a litre of petrol and Rs 84.72 for a litre of diesel.