Petrol anddiesel prices in India remained stagnant on Saturday. Fuel prices have stayed steady for nearly 10 months since the last revision in May 2022.
In the financial capital Mumbai, petrol is being sold at ₹106.31 per litre and diesel at ₹94.27. Fuel prices in the national capital of Delhi hovered around ₹96.72 and ₹89.62 for 1 litre of petrol and diesel, respectively.
1 litre of petrol and diesel in Chennai currently costs ₹102.63 and ₹94.24, respectively. In Kolkata, petrol can be bought at ₹106.03 per litre and for ₹92.76 per litre.
While the Centre reduced excise dutyon fuel prices last year, the Punjab and Kerala governments introduced cesses on petrol and diesel. In Kerala, fuel prices will be dearer by ₹2 from April 1, the first day of the financial year.
Here are the fuel rates in other cities:
CITY PETROL (Rs/LITRE) DIESEL (Rs/LITRE)
Lucknow 96.57 89.76
Bengaluru 101.94 87.89
JAIPUR 108.48 93.72
BHOPAL 108.65 93.90
Gurugram 97.18 90.05
Fuel rates, which vary according to a state’s local taxes, Value Added Tax (VAT) and freight charges, are changed everyday at 6 am by oil marketing companies in line with foreign exchange rates and international benchmark prices.
On Saturday, the price of commercial LPG cylinders were cut by ₹91.50 per unit with immediate effect. A 19 kg of Commercial LPG cylinder will now cost ₹2,028 in the national capital. However, no changes have been made in the prices of the domestic LPG cylinders, sources said.
Oil fell for the fifth consecutive month, culminating in its second quarterly drop since early 2020. Prices have slid against a backdrop of gloomy US economic sentiment and a banking crisis that rattled broader markets.