According to the most recent price notification by fuel retailers, petrol and diesel prices were unchanged on April 24, 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 102.86/litre and Rs 94.46/litre in Chennai and at Rs 106.03/litre and Rs 92.76/litre in Kolkata, respectively.
Punjab government after a meeting of the state cabinet imposes a cess of 90 paise per litres on petrol and diesel. In Chandigarh petrol is priced at Rs 96.20 per litre whereas Diesel is charged at Rs 84.26 per litre. Even the Kerala government announced a cess of Rs 2 per litre on petrol and diesel in its second full budget of the LDF government.
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
On Monday oil prices fell over concerns of rising interest rates and the impact on outlook for fuel demand due to the prospect of tighter supplies on OPEC+ supply cut. Brent crude fell 48 cents to $81.18 per barrel and US West Texas Intermediate crude slipped 48 cents to $77.39 per barrel.
