September 27th 2023.
According to the most recent price notification by fuel retailers, petrol and diesel prices have been unchanged on September 27 in major cities, and costs have been steady for a year now. This is a relief for many people, especially with the rising cost of living in today's day and age.
However, the prices of petrol and diesel vary from one state to another, depending upon various criteria such as Value Added Tax, freight charges, and local taxes. Public sector Oil and Marketing Companies (OMC) such as Bharat Petroleum Corporation Ltd., Indian Oil Corporation Ltd, and Hindustan Petroleum Corporation Ltd. are responsible for revising their prices every day in line with international benchmark prices and forex rates.
Let's take a look at the city-wise prices of petrol and diesel. In Delhi, petrol and diesel cost Rs. 96.72/litre and Rs. 89.62/litre, respectively. In Mumbai, petrol is priced at Rs. 106.31/litre and diesel at Rs. 94.27/litre. Similarly, petrol and diesel are priced at Rs. 102.63/litre and Rs. 94.24/litre in Chennai and at Rs. 106.03/litre and Rs. 92.76/litre in Kolkata, respectively.
The last time fuel rates were changed on a country-wide level 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. This was a much-needed relief for many citizens.
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. The city codes are available on Indian Oil's website.
Oil prices rose on Wednesday amid concerns of tighter supply heading into winter. Brent crude futures for November climbed 33 cents at $94.29 per barrel and US West Texas Intermediate crude jumped to $90.70 per barrel with a gain of 31 cents. This is a sign of the international markets having a positive outlook on the oil industry.
Overall, the situation with petrol and diesel prices in India is stable for the time being, and the government is taking the right steps to ensure that the prices of fuel remain affordable for the citizens.
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