Petrol and Diesel Prices Today: Fuel prices unchanged. Check rates for your city

insidetrack IndiaJuly 27, 2022

596 1 minute read

Petrol and Diesel Prices on July 27, 2022: Except for Maharashtra, where prices were revised on July 14, rates in the rest of the nation have been unchanged since May 21.

Fuel prices remained unchanged on Wednesday, making it more than two months since these were last revised. Petrol and diesel rates across the country – except Maharashtra – have been steady since May 21, when Union finance minister Nirmala Sitharaman announced a cut in excise duty levied on petrol by ₹8 per litre, and ₹6 per litre on diesel.Also Read: Centre cuts excise duty on petrol, diesel; prices to drop by ₹9.5, ₹7 per litreMaharashtra was the last state which saw any kind of revision in fuel prices. On July 14, chief minister Eknath Shinde announced that value added tax (VAT) on petrol and diesel was being reduced by ₹5 and ₹3 per litre respectively.Also Read: Maharashtra to cut petrol prices by ₹5/ litre and diesel prices by ₹3/litre, says CM ShindePetrol and diesel prices in major cities on July 27 are as follows (source: Indian Oil Corporation):CityPetrol (Rs/litre)Diesel (Rs/litre)New Delhi96.7289.62Mumbai106.3194.27Kolkata106.0392.76Chennai102.6394.24Bengaluru101.9487.89Hyderabad109.6697.82Patna107.2494.04Bhopal108.6593.90Jaipur 108.4893.72Lucknow96.5789.76Trivandrum107.7196.52In India, Oil Marketing Companies (OMCs) alter petrol and diesel rates on a daily basis. This is done depending on the average price of benchmark fuel over the preceding 15 days in the global markets, as well as foreign exchange rates.Also, fuel prices vary from state to state. This is due to the local taxes (such as VAT) and freight charges. The Union government, too, adds its own excise duty.

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insidetrack IndiaJuly 27, 2022

596 1 minute read

insidetrack India

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