Fuel Rates Dropped
Fuel Update: Today’s Petrol and Diesel Prices in Delhi, Bangalore, Chennai, Mumbai, and Hyderabad.
Prices for gasoline and diesel remained the same on December 9 of 2022 and have been stable for the past six months.
On May 21 of this year, Finance Minister Nirmala Sitharaman reduced the excise duty on gasoline by Rs 8 per litre and on diesel by Rs 6 per litre across the whole country. Petrol costs Rs 106.31 per litre in Mumbai, while diesel costs Rs 94.27. Delhi’s per-litre prices for gasoline and diesel are Rs 96.72 and Rs 89.62, respectively.
Every day at six o’clock, any adjustments to the price of gasoline and diesel go into effect. State-by-state variations in the cost of gasoline and diesel can be attributed to factors like Value Added Tax (VAT), freight costs, municipal taxes, etc.
The daily price revisions made by public sector OMCs like Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL), and Hindustan Petroleum Corporation Ltd (HPCL) are in accordance with foreign exchange rates and international benchmark prices.
Chennai: Petrol price: Rs 102.63 per litre, Diesel Price: Rs 94.24 per litre
Kolkata: Petrol price: Rs 106.03 per litre, Diesel Price: Rs 92.76 per litre
Bengaluru: Petrol: Rs 101.94 per litre, Diesel: Rs 87.89 per litre
Lucknow: Petrol: Rs 96.57 per litre, Diesel: Rs 89.76 per litre
Noida: Petrol: Rs 96.79 per litre, Diesel: Rs 89.96 per litre
Gurugram: Petrol: Rs 97.18 per litre, Diesel: Rs 90.05 per litre
Chandigarh: Petrol: Rs 96.20 per litre, Diesel: Rs 84.26 per litre
Mumbai: Petrol price: Rs 106.31 per litre, Diesel price: 94.27 per litre
Delhi: Petrol price: Rs 96.72 per litre, Diesel price: Rs 89.62 per litre
Also Read: Crude Oil: Petrol & Diesel Prices In India Drops?
Fuel Update: VAT RATES
Since the federal government dropped the excise tax, some states have likewise lowered the fuel VAT. The final state to update fuel rates was Meghalaya, which raised its VAT on August 24.
As a result, Shillong now pays Rs. 96.83 for a litre of gasoline and Rs. 84.72 for a litre of diesel. In July, the Maharashtra government reduced the value-added tax (VAT) on gasoline by Rs 5 per litre and on diesel by Rs 3 per litre.
