Petrol and diesel prices on July 8: Check latest rates in your city today

Petrol and diesel prices today: The fuel prices are revised daily at 6 am by the oil marketing companies.

Updated on: Jul 8, 2023, 14:08:29 IST

By HT News Desk

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Petrol and diesel prices remained unchanged on Saturday as per the rates announced by oil marketing companies. In Delhi, petrol was being sold at ₹96.72 per litre while the price of diesel stood at ₹89.62 per litre.

In Mumbai, the prices of petrol and diesel stood at ₹106.31 per litre and ₹94.27 per litre respectively.

The Centre and state governments charge hefty taxes on petrol and diesel, which you pay at the petrol pump. The Centre levies excise duty, while state governments charge Value Added Tax.

Here are the petrol and diesel prices for other prominent cities on July 8, 2023.

Petrol and diesel prices are revised daily at 6 am.

CITY	PETROL (Rs/LITRE)	DIESEL (Rs/LITRE)
KOLKATA	106.03	92.76
CHENNAI	102.63	94.33
LUCKNOW	96.47	89.66
BENGALURU	101.94	87.89
PATNA	107.24	94.04

When are fuel prices announced?

Petrol and diesel prices are announced daily at 6 am by the oil marketing companies. The fuel prices have to be adjusted as per the global rates.

Does the government control prices?

Earlier, the government used to control fuel prices which were revised every 15 days. In 2014, the Centre de-regulated the prices. Since 2017, the petrol and diesel prices are revised daily.

Why are petrol and diesel prices different in states?

Petrol prices in states come under VAT which is charged by the state government. Since every state has different VAT, hence the pricing differs.

ABOUT THE AUTHOR
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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