Petrol and diesel prices today: Check fuel rates in your city on March 14

The petrol and diesel prices are decided by oil companies and are not controlled by the government. The oil companies need to adjust their prices according to global rates.

Published on: Mar 14, 2023, 11:17:17 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

Petrol and diesel prices remained unchanged on Tuesday. The oil companies announced the fuel prices at 6 am today morning. The petrol and diesel prices are decided by oil companies and are not controlled by the government. The oil companies need to adjust their prices according to global rates.

The Union government regulates fuel prices through excise duty, base prices and cap prices.

The petrol pump attendant said the car driver first asked him to fill up the tank and then also got several plastic cans filled, leading to a total bill of ₹26,500. (Reuters)

Here are the fuel prices for top Indian cities on Tuesday:

CITY	PETROL PRICE (Rs/LITRE)	DIESEL PRICE (Rs/LITRE)
DELHI	96.72	89.62
MUMBAI	106.31	94.27
KOLKATA	106.03	92.76
CHENNAI	102.63	94.24
BENGALURU	101.94	87.89

On May 31, 2022, the Narendra Modi government reduced central excise duty on petrol and diesel by ₹8 per litre and ₹6 per litre respectively. Union finance minister Nirmala Sitharaman had tweeted, “It will have a revenue implication of around ₹1 lakh crore per year for the government,” the finance minister said in a series of tweets.

“I wish to exhort all state governments, especially the states where the reduction wasn’t done during the last round (November 2021), to also implement a similar cut and give relief to the common man,” the minister tweeted.

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.

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

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.