Petrol and diesel prices on April 7. Check prices in your city

Petrol-Diesel Prices April 7: The cost of fuel depends on a state’s taxation rules and freight charges.

Published on: Apr 7, 2023, 07:21:48 IST

By HT News Desk

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The cost of petrol and diesel in India remained stagnant on Friday, continuing a ten-month trend of price stability. Prices were last changed in May 2022 after the Centre slashed excise duty on petrol and diesel by ₹8 per litre and ₹6 per litre, respectively.

Petrol-Diesel Prices April 7: Check petrol and diesel prices in your city today.

Although the Centre had declared a cut in the excise duty on fuel prices last year, petrol prices continued to soar over ₹100 in major cities like Bengaluru and Mumbai. In India, petrol prices are revised daily at 6am by the Oil Marketing Companies (OMCs) like Indian Oil, Bharat Petroleum and Hindustan Petroleum based on the international prices.

Previously, fuel prices used to be revised every 15 days. In 2014, the government deregulated the prices and from 2017, the cost of fuel is updated every day. The government controls the fuel prices through excise duty, base prices and cap prices at which dealers and OMCs deal with each other.

Delhi	₹96.72
Mumbai	₹106.31
Kolkata	₹106.03
Chennai	₹102.63
Bengaluru	₹101.94

Apart from foreign exchange rates and international benchmark prices, the cost of fuel depends on a state’s taxation rules and freight charges. The fuel prices are not covered under goods and services tax (GST). While the Centre collects excise duty, the states collect VAT.

People can also know the daily fuel prices by sending an SMS to the number - 9224992249 in the format - RSP (space) Dealer code of fuel pump, as per Indian Oil's official website.

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HT News Desk
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.Read More

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