Petrol and diesel prices have remained stagnant on Tuesday, 22 November for over six months now. Last country-wide fuel price change came on May 21 when Finance Minister Nirmala Sitharaman announced an excise duty cut on petrol and diesel by Rs 8 per litre and Rs 6 per litre, respectively. On July 15, the Maharashtra government announced a Value Added Tax (VAT) cut on petrol by Rs 5 per litre and Rs 3 per litre on diesel. The Meghalaya government also increased the VAT on August 24, owing to which now petrol price in Shillong is Rs 96.83 per litre and diesel price is Rs 84.72 per litre.
Petrol price in Delhi is Rs 96.72 per litre, while diesel price stands at Rs 89.62 per litre. One litre of petrol in Mumbai is retailing at Rs 106.31 per litre and one litre of diesel costs Rs 94.27 per litre.
Petrol, diesel prices in Delhi, Mumbai, Kolkata, Chennai, Lucknow, Hyderabad, Bengaluru, Noida, Gurugram, Chandigarh
|City||Petrol price (per litre)||Diesel price (per litre)|
|Delhi||Rs 96.72||Rs 89.62|
|Mumbai||Rs 106.31||Rs 94.27|
|Bengaluru||Rs 101.94||Rs 87.89|
|Chennai||Rs 102.63||Rs 94.24|
|Kolkata||Rs 106.03||Rs 92.76|
|Lucknow||Rs 96.57||Rs 89.76|
|Hyderabad||Rs 109.64||Rs 97.8|
|Noida||Rs 96.65||Rs 89.82|
|Gurugram||Rs 96.99||Rs 89.86|
|Chandigarh||Rs 96.20||Rs 84.26|
Retail petrol and diesel prices vary depending on state to state and local taxes, such as VAT and freight charges. Fuel retailers, such as Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) set the petrol and diesel prices daily at 6 am in line with international benchmark prices and foreign exchange rates.