October 12th 2023.
Fuel retailers have recently released a notification that petrol and diesel prices have been unchanged in major cities since October 12. This has been the case for the entire year. The prices, however, may vary from state to state due to various criteria such as Value Added Tax, freight charges, and local taxes.
Public sector OMCs - Bharat Petroleum Corporation Ltd, Indian Oil Corporation Ltd. and Hindustan Petroleum Corporation Ltd. - review their prices every day based on international benchmark prices and forex rates.
The current petrol and diesel prices in Delhi are 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. In Chennai, petrol and diesel are priced at Rs 102.77/litre and Rs 94.37/litre. Kolkata petrol and diesel prices are Rs 106.03/litre and Rs 92.76/litre, respectively.
The last country-wide fuel price change was on May 21 last year, when the Finance Minister Nirmala Sitharaman reduced the excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.
If you want to check fuel prices in your city, all you need to do is send a message from your phone to 9224992249 with your city code. The codes are easily available on Indian Oil's website.
Oil prices have decreased significantly on Thursday due to the decline in supply worries and the stockbuild of crude and gasoline in the US. According to Brent crude futures for November, the price of oil is now at $85.41 per barrel, with US West Texas Intermediate at $83 per barrel.
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