Petrol Diesel Latest Rates: Petrol and diesel rates remained unchanged for the 93rd consecutive day across the country on Tuesday, August 23, 2022.
The prices of the two auto fuels have not altered across India over three months. They were simultaneously last revised across the country on May 22 when the central government had cut the excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel. Since then fuel prices have been unchanged across the country except in Maharashtra where the state government on July 14 reduced the value-added tax (VAT) on petrol and diesel by Rs 5 and Rs 3, respectively.
The price of petrol in the national capital stands at Rs 96.72 per litre while that of diesel is at Rs 89.62. In Mumbai, petrol currently costs Rs 106.31, while diesel is retailing at Rs 94.27, data available on Indian Oil Corporation’s website showed.
The prices of petrol and diesel in the country differ in every state depending on the local taxation (VAT) and freight charges. The central government too levies excise duty on the two auto fuels.
Generally, the state-owned oil marketing companies (OMCs) revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15-days and foreign exchange rates.
In the international market, Brent crude gained 42 cents (0.4 per cent) to $96.90 a barrel by 0630 GMT. US West Texas Intermediate crude futures rose 40 cents (0.4 per cent) to $90.76 a barrel, according to Reuters data.
|City||Petrol (Rs/litre)||Diesel (Rs/litre)|
|Source: Indian Oil Corporation|