Petrol And Diesel Price Update: Fuel prices remain steady on Monday

Petrol And Diesel Price Update: There has been no changes in the price of petrol and diesel Monday across major cities like New Delhi, Kolkata, Mumbai, and Chennai.

Petrol is available at Rs 96.72 and diesel at Rs 89.62 a liter in New Delhi. Petrol is available in Kolkata at Rs 106.03 a liter and diesel at Rs 92.76 a litre. Petrol is available at Rs 102.74 and diesel at Rs 94.33 a liter in Chennai. Petrol is available at Rs 106.31 and diesel at Rs 94.27 a liter in Mumbai.

On May 21 of last year, Finance Minister Nirmala Sitharaman cut the excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre, resulting in the latest nationwide modification of fuel prices.

Since the national government cut excise duty in May 2022, some states have also lowered the VAT on fuels, while others have imposed cess on petrol and diesel.

Oil Marketing Companies (OMCs) in the public sector, such as Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL), and Hindustan Petroleum Corporation Ltd (HPCL), regularly adjust their petrol and diesel prices according with foreign exchange rates and benchmark pricing. Every day at six in the morning, any changes to the price of fuel and diesel go into effect.

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