August 30th 2023.
According to the most recent price notification released by fuel retailers, petrol and diesel prices have been unchanged on August 30 in major cities, staying steady for a year now. However, the prices of petrol and diesel vary from state to state, depending upon various criteria such as Value Added Tax, freight charges, and local taxes.
Public sector Oil Marketing Companies (OMCs) including Bharat Petroleum Corporation Ltd., Indian Oil Corporation Ltd., and Hindustan Petroleum Corporation Ltd. revise their prices daily in line with international benchmark prices and forex rates.
Let's take a look at how much petrol and diesel cost in the country's major cities. 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.
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 now 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 were trading higher on Wednesday morning after data revealed a large draw in crude inventories in the US in addition to the concerns regarding a hurricane in the Gulf of Mexico. Brent crude futures for October that expired on Thursday gained 17 cents at $85.66 per barrel and US West Texas Intermediate crude fell to $81.40 per barrel with a gain of 24 cents. The market is optimistic, with the Sensex at 65,311.58 and the Nifty above 19,400.
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