Petrol, Diesel Prices Remain Unchanged On August 18: Check Rates In Mumbai, Delhi, Chennai And Other Cities

Petrol, Diesel Prices Remain Unchanged On August 18: Check Rates In Mumbai, Delhi, Chennai And Other Cities

In Mumbai, petrol is being sold for Rs 106.31/litre and diesel for Rs 94.27/litre.

FPJ Web DeskUpdated: Friday, August 18, 2023, 10:10 AM IST
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Petrol, Diesel Prices Remain Unchanged On August 18: Check Rates In Mumbai, Delhi, Chennai And Other Cities | Image: Wikipedia (Representative)

According to the most recent price notification by fuel retailers, petrol and diesel prices have been unchanged on August 18 in major cities, and costs have been steady for a year now.

However, 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 continued to fall on Friday morning breaking its 7-week winning streak amid fears of slow economic growth in China and the possibility of further interest rate hike in the US impacting demand. Brent crude futures for October were flat at $84.12 per barrel and US West Texas Intermediate crude fell to $80.49 per barrel, down by 10 cents.

The government on Monday hiked special additional excise duty on crude petroleum to Rs 7,100 per tonne with effect from August 15. Besides, the Special Additional Excise Duty (SAED) or duty on export of diesel will be hiked to Rs 5.50 per litre from Re 1 per litre at present.

A duty of Rs 2 per litre will be imposed on jet fuel or ATF with effect from August 15. Currently, there is no SAED on the jet fuel.

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