The cost of Petrol and diesel have been the same for a while. The central government instituted a price freeze in response to the loss sustained by Oil Marketing Companies (OMCs) as a result of the COVID- pandemic and the Russia-Ukraine war. On May 21, 2022, the government cut the excise duty on petrol and diesel, which amounted to the last major variation in prices for these two automotive fuels in India.
On Thursday, February 23 the prices for petrol and diesel remained unchanged nationwide. Let’s have a glance at the prices of petrol and diesel in some major states of the country.
Delhi was the only metropolitan city in India where the petrol price did not cross the Rs 100 benchmark; a litre of petrol cost Rs 96.72. The cost of a litre of petrol in metro cities was the highest in Mumbai, where it was being offered for sale for Rs 106.31. The value of the same amount of fuel in Kolkata was barely Rs 0.28 cheaper, pricing at Rs 106.03. A litre of petrol cost Rs 102.73 in Chennai.
In terms of fuel prices, diesel car owners are in profit. In Mumbai, diesel costs Rs 94.27 per litre while it costs Rs 89.62 in Delhi. While the same amount of fuel retailed for Rs 94.24 per litre in Chennai, it cost Rs 92.76 per litre in Kolkata.
Check the rates of petrol and diesel in Delhi, Mumbai and other major cities on February 23:
Petrol: Rs 96.72 per litre
Diesel: Rs 89.62 per litre
Chennai
Petrol: Rs 102.74 per litre
Diesel: Rs 94.33 per litre
Kolkata
Petrol: Rs 106.03 per litre
Diesel: Rs 92.76 per litre
Mumbai
Petrol: Rs 106.31 per litre
Diesel: Rs 94.27 per litre
Bengaluru
Petrol: Rs 101.94 per litre
Diesel: Rs 87.89 per litre
Lucknow
Petrol: Rs 96.57 per litre
Diesel: Rs 89.76 per litre
Hyderabad
Petrol: Rs 109.66 per litre
Diesel: Rs 97.82 per litre
Bhopal
Petrol: Rs 108.65 per litre
Diesel: Rs 93.90 per litre
Gandhinagar
Petrol: Rs 96.63 per litre
Diesel: Rs 92.38 per litre
Guwahati
Petrol: Rs 96.01 per litre
Diesel: Rs 83.94 per litre
Thiruvananthapuram
Petrol: Rs 107.71 per litre
Diesel: Rs 96.52 per litre
The value-added tax is the principal additional charge imposed on these fuels by the state governments, and it is one of the primary reasons why the price of petrol and diesel differs by state and location in India (VAT). Crude oil and the fuels made from it are subject to daily fluctuations in price due to changes in the currency rate, supply and demand dynamics, and even political choices.
Read all the Latest Business News here
For all the latest business News Click Here
