Petrol and diesel prices today: Check fuel rates in your city on March 15

Petrol, diesel rates today: Fuel prices in India are revised daily at 6 am after being decided by top oil companies.

Published on: Mar 15, 2023, 08:37:04 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

The petrol and diesel rates remained unchanged on Wednesday. Fuel prices in India are revised daily at 6 am after being decided by top oil companies. The fuel prices are not controlled by the government. The oil companies need to adjust their prices according to global rates. The Central government regulates fuel prices through excise duty, base prices and cap prices.

In Mumbai, petrol stands at ₹106.31 per litre, while diesel is retailing at ₹94.27 per litre. (File)

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

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

The most recent nationwide adjustment was made in May 2022 by Finance Minister Nirmala Sitharaman, who slashed the excise duty on petrol and diesel by ₹8 per litre and ₹6 per litre, respectively.

The price at which the petrol or diesel dealers or distributors buy from oil marketing companies+excise duty+dealer's commission+ value added tax levied by the state government= Petrol price

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.