Petrol and gold prices remained unchanged in major cities on Sunday. According to fuel prices announced by oil marketing companies, petrol and diesel were sold in Delhi at ₹96.72 per litre and ₹89.62 per litre.
Petrol and diesel prices are revised daily at 6 am (HT_PRINT)
{{^htLoading}} {{/htLoading}}
Here are the fuel prices for other major cities on August 27, 2023.
CITY
PETROL PRICES (Rs/LITRE)
DIESEL PRICES (Rs/LITRE)
MUMBAI
106.31
94.27
KOLKATA
106.03
92.76
CHENNAI
102.74
94.24
BENGALURU
101.94
87.89
AHMEDABAD
96.65
92.25
View All
Petrol and diesel prices are revised daily at 6 am. Earlier, the fuel rates were revised after every 15 days. In 2014, the Government of India de-centralised fuel prices. Since 2017, the fuel prices are revised daily at 6 am.
Fuel prices are decided by oil marketing companies. They are not controlled by the government and need to adjust as per global rates.
The Centre regulates the fuel prices through excise duty. Last year, the Narendra Modi government had cut excise duty on petrol and diesel by ₹8 per litre and ₹6 per litre. As a result, the petrol and diesel prices reduced by ₹9.5 per litre and ₹7 per litre respectively.
{{^htLoading}} {{/htLoading}}
{{^usCountry}}
Finance minister Nirmala Sitharaman had posted on X, formerly Twitter. “We are reducing the Central excise duty on Petrol by ₹ 8 per litre and on Diesel by ₹ 6 per litre. This will reduce the price of petrol by ₹ 9.5 per litre and of Diesel by ₹ 7 per litre. It will have revenue implication of around ₹ 1 lakh crore/year for the government”.
Besides the taxes, the Centre also regulates the fuel prices through base prices and cap prices at which dealers and OMCs deal with each other.
{{/usCountry}}
{{#usCountry}}
Finance minister Nirmala Sitharaman had posted on X, formerly Twitter. “We are reducing the Central excise duty on Petrol by ₹ 8 per litre and on Diesel by ₹ 6 per litre. This will reduce the price of petrol by ₹ 9.5 per litre and of Diesel by ₹ 7 per litre. It will have revenue implication of around ₹ 1 lakh crore/year for the government”.
Besides the taxes, the Centre also regulates the fuel prices through base prices and cap prices at which dealers and OMCs deal with each other.
{{/usCountry}}
The fuel prices in India are not under goods and service tax. While the Centre collects excise duty, the state governments collect VAT. Since VAT is different for each state, hence the pricing. Rajasthan levies the highest VAT in the country, followed by Madhya Pradesh and Maharashtra.
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Home/Business/Petrol and diesel price on August 27: Check latest rates in your city today
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
