Petrol, diesel prices on June 12: Check latest rates in your city

The last nationwide change in fuel rates was in 2022 when Finance Minister Nirmala Sitharaman cut excise duty by ₹8 and ₹6 per litre on petrol and diesel.

Published on: Jun 12, 2023, 10:17:09 IST

By HT News Desk | Written by Ritu Maria Johny

Prefer HTon Google

Share via

Copy link

Fuel prices in India remained largely stagnant on Monday, maintaining the almost year-long stability in prices. New Delhi, Kolkata, Mumbai, and Chennai witnessed no changes in petrol and diesel rates. However, minor revisions were seen in other cities according to factors like Value Added Tax (VAT), freight charges, and local taxes.

Petrol and diesel rates went up in Punjab by 93 paise and 89 paise per litre, respectively, for retail customers on Sunday after the state government revised the value added tax (VAT) on fuel. (PTI) (HT_PRINT)

Petrol and diesel rates went up in Punjab by 93 paise and 89 paise per litre, respectively, for retail customers on Sunday after the Aam Aadmi Party (AAP) government revised the value added tax (VAT) on fuel.

Read: Punjab VAT hike blow to Mohali pump owners

With the increase in VAT, retail prices of petrol and diesel per litre in Ludhiana rose to ₹98.73 and ₹89.02 from ₹97.80 and ₹88.13, respectively, he said.

The last nationwide change in fuel rates was on 21 May, 2022 when Finance Minister Nirmala Sitharaman slashed excise duty by ₹8 per litre on petrol and ₹6 per litre on diesel.

Currently, petrol is priced at ₹96.72 per litre and diesel at ₹89.62 per litre in Delhi. In the financial capital of Mumbai, petrol costs slightly more at ₹106.31 per litre, with diesel following suit at ₹94.27 per litre. Petrol is available in Kolkata at ₹106.03 per litre and diesel at ₹92.76 per litre. In Chennai, petrol retails at ₹102.63 per litre, while diesel can be bought at ₹94.24 per litre.

Check rates in other cities as per Goodreturns website:

City	Petrol (Rs/litre)	Diesel (Rs/litre)
Bengaluru	101.94	87.89
Gurugram	96.93	89.80
Lucknow	96.57	89.76
Noida	96.77	89.94
Chandigarh	96.20	84.26

Oil prices edged lower on Monday ahead of a Federal Reserve meeting as investors try to gauge the central bank's appetite for further rate hikes, while concerns about China's fuel demand growth and rising Russian crude supply weighed on the market.

Russian oil exports to China and India have grown despite the implementation of the European Union's embargo and the Group of Seven's price cap mechanism that started in early December.

(With inputs from Reuters)

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.