September 29th 2023.
The prices of petrol and diesel have remained unchanged since September 29 in major cities across India. This has been the case for the past year now. However, the price of fuel does vary depending on the state and factors such as Value Added Tax, freight charges, and local taxes.
The major public sector Oil Marketing Companies, such as Bharat Petroleum Corporation Ltd, Indian Oil Corporation Ltd, and Hindustan Petroleum Corporation Ltd, revise their prices daily to be in line with the international benchmark prices and forex rates.
If you'd like to know the fuel prices in your city, you can find out 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 the Indian Oil website.
In Delhi, petrol and diesel cost Rs 96.72/litre and Rs 89.62/litre, respectively. In Mumbai, the prices are Rs 106.31/litre and Rs 94.27/litre, respectively. In Chennai, the prices are Rs 102.63/litre and Rs 94.33/litre, while in Kolkata, petrol and diesel are priced at Rs 106.03/litre and Rs 92.76/litre, respectively.
The last country-wide price change was on 21 May last year when the Finance Minister Nirmala Sitharaman lowered the excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.
In terms of international benchmark prices, the start of trading on Friday saw a drop in oil prices. Brent November futures declined by 21 cents, settling at $95.17 per barrel. Additionally, Brent December futures saw a decrease of 10 cents, trading at $93.00 per barrel, while U.S. West Texas Intermediate crude fell by 8 cents, reaching $91.63 per barrel.
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