New Delhi: Oil companies on Monday released new rates of petrol and diesel. According to Indian Oil Corporation’s (IOCL) latest update, the prices of petrol and diesel remained unchanged in major cities across the country. Petrol and diesel prices have remained stable across the country for the past several days.
Finance Minister Nirmala Sitharaman had recently said that the government would review the new tax levied on crude oil, diesel-petrol and aviation fuel (ATF) every 15 days.
It was believed that the drop in crude prices and Finance Minister’s move, the oil prices in the domestic market would come down. However, there is still no change in the prices of petrol and diesel.
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.)|
Check Petrol, Diesel price by sending SMS
You can check petrol, and diesel prices from the comfort of your home. All you need to do is – send a message with your city code from your mobile to 9224992249. For example, SMS “RSP 102072” to 92249 92249 for petrol and diesel prices in Delhi. City codes are available on Indian Oil’s official website.
Check fuel prices using app
You can also check the price of diesel-petrol with the help of mobile apps. Every company has its own mobile app. All you need to do is install them and you can easily check the diesel-petrol price in your city. The name of IndianOil’s app is Fuel@IOC, BPCL’s app is called SmartDrive and HPCL’s app can be found as HPCL itself. These apps are available on both Google Play Store and Apple Store.