According to the most recent price notification by fuel retailers, petrol and diesel prices were unchanged on April 11, in major cities, and costs have been steady for about nine months now.
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.
Citywide breakdown
In Delhi, petrol and diesel cost Rs 96.72/litre and Rs 89.62/litre, respectively.
In Mumbai, petrol is being sold for Rs 106.31/litre and diesel for Rs 94.27/litre.
Petrol and diesel are priced at Rs 102.63/litre and Rs 94.24/litre in Chennai and at Rs 106.03/litre and Rs 92.76/litre in Kolkata, respectively.
The last country-wide change in fuel rates was on 21 May last year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.
You can check petrol and diesel prices from the comfort of your own home. All you need to do is send a message from your phone to 9224992249 with your city code. City codes are available on Indian Oil's website.
Oil prices
Oil prices on Tuesday were higher as investors considered the supply cut from OPEC+ which will tighten the global market in addition to the rising concerns on the further interest rate hikes that has the potential to dampen the demand. Brute crude went up 8 cents to $84.26 per barrel whereas US Texas Intermediate rose by 11 cents at $79.85 per barrel.
Gas pricing
The Union Cabinet on Thursday approved a revision in the formula for pricing of natural gas and imposed cap or ceiling price to help cut CNG and piped cooking gas prices by up to 10 per cent. This means that the Piped cooking gas prices will be cut by up to 10 per cent across cities while CNG will see a little lower reduction.
