New Delhi: Oil companies on Saturday released new rates of petrol and diesel. According to Indian Oil Corporation’s (IOCL) latest update, the prices of petrol and diesel are stable in major cities across the country.
Petrol-Diesel Prices stable
The prices of petrol and diesel in India have been stable for a long time. The crude oil has been witnessing a continuous rise in the international market.
Fuel prices dropped four months ago
The Centre had recently cut the prices of petrol and diesel, following which petrol price and diesel price dropped across the country. The fuel prices saw a sharp drop in May as a result of finance minister Nirmala Sitharaman announcing that the central government had decided to cut the excise duty on petrol and diesel given their exorbitant prices.
On May 21, Nirmala Sitharaman announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel. As a result, petrol price was decreased by Rs 8.69 per litre while diesel was cut by Rs 7.05 in Delhi.
Petrol and diesel prices were last increased on April 6 by 80 paise a litre, taking the total hike in rates in 16 days to Rs 10 per litre. Between March 22 to April 6, petrol and diesel prices were hiked 14 times.
Petrol-Diesel Prices today
According to Goodreturns, in Noida, petrol price is Rs 96.60 per litre, while diesel rate is Rs 89.77 per litre. In Lucknow, petrol price is Rs 96.33 per litre, while diesel rate is Rs 89.53 per litre.
Petrol in Gurugram is selling for Rs 96.84 per litre while diesel stands at Rs 89.72per litre. Petrol price in Delhi stands at Rs 96.72 a litre while the rate of diesel is Rs 89.62 per litre. In Mumbai, petrol rate stands at Rs 106.31 per litre and diesel costs Rs 94.27 for one litre.
It is noteworthy here that the prices of petrol and diesel differ from state to state depending on the VAT. Petrol in Kolkata stands at Rs 106.03 per litre while diesel costs Rs 92.76 a litre. In Chennai, the rate of petrol is Rs 102.73 per litre, while the price of diesel is Rs 94.33 per litre.
The oil marketing companies revise rates of fuels on a daily basis. The revision in fuel prices depends upon the fuel prices in the international market and foreign exchange rates.
Petrol and diesel prices today across major cities in India
| S.No. | City | Petrol price per Litre (In Rs.) | Diesel Price per Litre (In Rs.) |
| 1. | Delhi | 96.72 | 89.62 |
| 2. | Mumbai | 106.31 | 94.27 |
| 3. | Chennai | 102.73 | 94.33 |
| 4. | Kolkata | 106.03 | 92.76 |
| 5. | Lucknow | 96.33 | 89.53 |
| 6. | Hyderabad | 109.66 | 97.82 |
| 7. | Bengaluru | 101.94 | 87.89 |
| 8. | Jaipur | 108.67 | 93.89 |
| 9. | Ahmedabad | 96.49 | 92.23 |
| 10. | Patna | 107.24 | 94.04 |
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