Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad:Theoil pricesin the country have not been changed on 18 December 2022 and costs have been steady for about six months now. The last country-wide change infuel rateswas on 21 May this year, when Finance MinisterNirmala Sitharamanslashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel. In Mumbai, petrol costs Rs 106.31 per litre and diesel is at Rs 94.27 per litre. Thepetrol rateanddiesel pricein Delhi are at Rs 96.72 and Rs 89.62 per litre, respectively.
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. Any changes in petrol and diesel costs are implemented from 6 am every day. 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.
Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, Gurugram
Chennai: Petrol price: Rs 102.63 per litre, Diesel price: Rs 94.24 per litreKolkata: Petrol price: Rs 106.03 per litre, Diesel price: Rs 92.76 per litreBengaluru: Petrol: Rs 101.94 per litre, Diesel: Rs 87.89 per litreLucknow: Petrol: Rs 96.57 per litre, Diesel: Rs 89.76 per litreNoida: Petrol: Rs 96.79 per litre, Diesel: Rs 89.96 per litreGurugram: Petrol: Rs 97.18 per litre, Diesel: Rs 90.05 per litreChandigarh: Petrol: Rs 96.20 per litre, Diesel: Rs 84.26 per litreMumbai: Petrol price: Rs 106.31 per litre, Diesel price: 94.27 per litreDelhi: Petrol price: Rs 96.72 per litre, Diesel price: Rs 89.62 per litre
The price of the Indian basket of crude oil has hit the lowest levels since the Ukraine conflict began in February this year. However, fuel prices have remained unchanged for over six months now. Petrol rate and diesel rates have remained the same as to when crude price was over $100 per barrel. Crude oil is trading near $73 a barrel, a decline of about 40% from a high of $130 per barrel, and could slip further in the coming days if China is unable to extricate itself from an economic slowdown due to Covid. In addition, crude prices will remain under pressure because of slow global growth projected by the World Bank and the fading concerns around Russia’s invasion of Ukraine.