On January 1, 2023, petrol and diesel prices in India have mostly remained unchanged, and prices have remained stable for the past seven months. On May 21, 2022, Finance Minister Nirmala Sitharaman reduced the excise duty on petrol by ₹8 per litre and on diesel by ₹6 per litre across the entire country. In Delhi, the cost of petrol is ₹96.72 and that of diesel is ₹89.62 a litre, respectively. Petrol costs ₹106.31 per litre in Mumbai while diesel costs ₹94.27.
In Kolkata , the cost of petrol is ₹106.03 and that of diesel is ₹92.76 a litre, respectively. Petrol costs ₹102.63 per litre in Chennai while diesel costs ₹94.24. In Bengaluru, it’s ₹101.94 for a litre of petrol and ₹87.89 for a litre of diesel.
Every day at six o’clock, any adjustments to the price of gasoline and diesel go into effect. State-by-state variations in the cost of gasoline and diesel can be attributed to factors like Value Added Tax (VAT), freight costs, local taxes, etc. The daily price revisions made by public sector OMCs like Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL), and Hindustan Petroleum Corporation Ltd (HPCL) are in accordance with foreign exchange rates and international benchmark prices.
Here are the petrol and diesel prices of some of the major cities in India, as of January 1, 2023.
| City | Petrol | Diesel |
| Bengaluru | 101.94 | 87.89 |
| Bhubaneswar | 103.19 | 94.76 |
| Chandigarh | 96.2 | 84.26 |
| Chennai | 102.63 | 94.24 |
| Gurgaon | 96.84 | 89.72 |
| Hyderabad | 109.66 | 97.82 |
| Jaipur | 109.39 | 94.55 |
| Kolkata | 106.03 | 92.76 |
| Lucknow | 96.33 | 89.53 |
| Mumbai | 106.31 | 94.27 |
| New Delhi | 96.72 | 89.62 |
| Noida | 96.59 | 89.76 |
| Patna | 107.24 | 94.04 |
| Thiruvananthapuram | 107.71 | 96.52 |
Download The Mint News App to get Daily Market Updates.
More
Less
For all the latest world News Click Here
