Petrol and diesel prices today: Know latest fuel rates in your city

Fuel prices in India are revised daily at 6 am after being decided by top oil companies. They are not controlled by the government. The Union government controls the petrol and diesel prices through excise duty.

Published on: Mar 13, 2023, 15:05:20 IST

By HT News Desk

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The petrol and diesel rates remained unchanged on Monday. According to fuel prices announced by the oil companies, petrol was being sold in Delhi at ₹96.72 per litre while the cost of diesel stood at ₹89.62 per litre.

In India's financial capital Mumbai, the price of petrol stood at ₹106.31 while the cost of diesel was at ₹94.27 per litre. The petrol and diesel prices in Kolkata stood at ₹106.03 per litre and ₹92.76 per litre. The petrol and diesel prices in Chennai stood at ₹102.63 per litre and ₹94.24 per litre.

Here are the petrol and diesel prices for other prominent cities:-

In India's financial capital Mumbai, the price of petrol stood at ₹106.31 while the cost of diesel was at ₹94.27 per litre

CITY	PETROL PRICE (Rs/LITRE)	DIESEL PRICE (Rs/LITRE)
BENGALURU	101.94	87.89
LUCKNOW	96.57	89.89
JAIPUR	108.62	94.26
PATNA	107.24	94.36
BHOPAL	108.65	93.90

How are petrol and diesel prices determined?

Fuel prices in India are revised daily at 6 am after being decided by top oil companies. They are not controlled by the government. The Union government controls the petrol and diesel prices through excise duty.

It also regulates the petrol and diesel prices through base prices and cap prices at which dealers and OMCs deal with each other.

How is the fuel price calculated?

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

Why are fuel prices different in states?

A. 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

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