Petrol and Diesel Price: The price of petrol and diesel has been kept steady on 5 September 2022, keeping costs steady for more than three months now. The last country-wide change in price came on 21 May 2022, when Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel. Petrol rates in India are revised on a daily basis. Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with international benchmark prices and foreign exchange rates. Prices are revised at 06:00 a.m. every day. This makes sure that even a minute’s variation in global oil prices can be transmitted to fuel users and dealers. Price of fuel includes excise duty, value added tax (VAT), and dealer commission. VAT varies from state to state.
The VAT cut might put a burden of Rs 6,000 crore on the Maharashtra government on an annual basis. Earlier, on May 21, Finance Minister Nirmala Sitharaman announced a reduction in the excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre. The fuel prices have remained stable since then.For the national capital on September 4, petrol and diesel prices remain the same at Rs 96.72 per litre and Rs 89.62 per litre, each. In Mumbai, the revised petrol rate is Rs 106.31 per litre, while the diesel rate is Rs 94.28 per litre. In Kolkata, petrol and diesel currently cost Rs 106.03 and Rs 92.76, respectively, while in Chennai, petrol is being sold for Rs 102.63 and diesel at Rs 94.24.
Check out the fuel rates in some of the major cities in India
Delhi
Petrol: Rs 96.72 per litre
Diesel: Rs 89.62 per litre
Mumbai
Petrol: Rs 106.31 per litre
Diesel: Rs 94.27 per litre
Kolkata
Petrol: Rs 106.03 per litre
Diesel: Rs 92.76 per litre
Chennai
Petrol: Rs 102.63 per litre
Diesel: Rs 94.24 per litre
Bhopal
Petrol: Rs 108.65 per litre
Diesel: Rs 93.90 per litre
Hyderabad
Petrol: Rs 109.66 per litre
Diesel: Rs 97.82 per litre
Bengaluru
Petrol: Rs 101.94 per litre
Diesel: Rs 87.89 per litre
Guwahati
Petrol: Rs 96.01 per litre
Diesel: Rs 83.94 per litre
Lucknow
Petrol: Rs 96.57 per litre
Diesel: Rs 89.76 per litre
Gandhinagar
Petrol: Rs 96.63 per litre
Diesel: Rs 92.38 per litre
Thiruvananthapuram
Petrol: Rs 107.71 per litre
Diesel: Rs 96.52 per litre.
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