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Home CURRENT AFFAIRS BUSINESS Petrol And Diesel Price Update: No changes in fuel rate on Saturday

Petrol And Diesel Price Update: No changes in fuel rate on Saturday

Petrol And Diesel Price Update [19 August 2023]: At present, there is hue and cry in the country due to inflation. To overcome this, the government can take some steps soon. Due to which the common man can get rid of the inflation of food items. Along with this, the prices of petrol and diesel may also decrease soon. Government of India is working on this. In this, about Rs 1 lakh crore will be re-allocated from the budget of various ministries. Meanwhile, the price of petrol and diesel in the nation’s major cities remains unchanged on saturday.

In Delhi, a litre of petrol costs 96.72 rupees and a litre of diesel costs 89.62 rupees. In Mumbai, a litre of petrol costs 106.31 rupees and a similar amount of diesel costs 94.27 rupees. Each litre of petrol and diesel costs 106.03 and 92.76 rupees in Kolkata, respectively. These are, however, 102.63 and 94.24 respectively for Chennai.

In fact , since May 21 of last year, when the previous pan-India change to these took place, fuel prices have remained virtually stable.

Additionally, it should be noticed that the prices of fuel and diesel differ from state to state. This is due to factors like value-added tax (VAT), transport expenses, local taxes, etc. Daily fuel price reviews are conducted by oil marketing corporations (OMCs), and new or unaltered prices are released at 6 am every day.

Also Read: TCS onboards 44,000 freshers in FY23, honors all job offers

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