October 13th 2023.
Petrol and diesel prices have been steady in major cities for the past year and remain unchanged as of October 13th. This is due to the Value Added Tax, freight charges, and the local taxes that vary state by state. Public sector Oil Marketing Companies (OMCs) revise their prices daily according to international benchmark prices and exchange rates.
In Delhi, petrol and diesel are priced at Rs 96.72/litre and Rs 89.62/litre respectively. In Mumbai, petrol is sold for Rs 106.31/litre and diesel for Rs 94.27/litre. In Chennai, petrol and diesel are priced at Rs 102.75/litre and Rs 94.34/litre respectively, while in Kolkata, petrol and diesel cost Rs 106.03/litre and Rs 92.76/litre respectively.
The last country-wide alteration of fuel rates was in May 21st of last year, when India’s Finance Minister Nirmala Sitharaman cut the excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.
If you wish to check petrol and diesel prices from your own home, you can do so easily by sending a text message from your phone to 9224992249 with your city code. The city codes can be found on the official Indian Oil website.
Lastly, Brent futures have increased by 36 cents, equivalent to a 0.4 percent rise, and are now priced at $86.36 per barrel. Similarly, U.S. West Texas Intermediate crude saw a rise of 53 cents, which marks a 0.6 percent increase, and is currently priced at $83.44 per barrel.
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