Petrol Diesel Price: Check fuel rates in Delhi, Mumbai, Bengaluru and other cities

The two automotive fuels faced their last price alteration on May 22, after the central government reduced the excise duty on petrol and diesel by Rs 8 and Rs 6 per litre, respectively. Fuel prices have remained unchanged across the nation ever since, however, Maharashtra faced a change in fuel prices earlier this month after the new state government cut the value-added tax (VAT) on petrol and diesel by Rs 5 and Rs 3, respectively.

Petrol and diesel prices vary from state to state in India, depending on the local taxation (VAT) and freight charges. Additionally, the Centre imposes excise duty on the two automotive fuels.

The oil marketing companies (OMCs) usually adjust the price of petrol and diesel on a daily basis based on foreign exchange rates and the average price of benchmark fuel in the international market over the previous 15 days.

In the international market, US West Texas Intermediate (WTI) crude futures for September delivery rose 67 cents (0.7 per cent), to $97.09 a barrel by 0640 GMT, reversing losses from the previous session and on track for a nearly 3 per cent rise for the week. Brent crude futures for September settlement, due to expire on Friday, dipped 12 cents (0.1 per cent), at $107.02 a barrel. The more active October contract climbed 48 cents (0.5 per cent), to $102.31, as per Reuters data.

Here’s what you pay for a litre of petrol and diesel in your city on Friday, July 29, 2022:

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