Petrol and diesel prices were again left untouched by the oil marketing companies on 17 August. Recently, the Maharashtra government announced a reduction in Value Added Tax (VAT) on petrol and diesel by Rs 5 per liter and Rs 3 per liter respectively. This reduction in VAT will cost the state exchequer Rs 6,000 crore annually. Fuel prices remained stable in Delhi, Bengaluru, Hyderabad, Kolkata, Chennai and other cities since May 21, when Finance Minister Nirmala Sitharaman announced reduction in excise duty on petrol and diesel by Rs 8 per liter and Rs 6 per liter respectively .
Today the price of petrol in Delhi is Rs 96.72 per liter, while the price of diesel in Delhi is Rs 89.62 per litre. Petrol in Mumbai today costs Rs 106.31 per liter and diesel is priced at Rs 94.27 per liter.
Petrol, Diesel Price in Bengaluru, Chennai, Kolkata, Lucknow, Hyderabad, Noida, Gurugram, Chandigarh
Today the price of petrol in Delhi is Rs 96.72 per liter, while the price of diesel in Delhi is Rs 89.62 per litre. Petrol in Mumbai today costs Rs 106.31 per liter and diesel is priced at Rs 94.27 per liter.
Petrol, Diesel Price in Bengaluru, Chennai, Kolkata, Lucknow, Hyderabad, Noida, Gurugram, Chandigarh
Public sector oil marketing companies fix fuel prices on a daily basis in line with international benchmark prices and foreign exchange rates. Retail petrol and diesel prices in India vary from state to state due to local taxes, such as VAT or freight charges.
crude oil price
Crude oil prices rose on Wednesday morning after hitting a 6-month low in the previous trading session. According to Reuters, Brent crude futures were trading at $92.47 a barrel, while WTI crude was at $86.80 a barrel.