Petrol Prices in India Have Dropped Since The Centre Reduced Excise Duty Last Month: Get Today's Petrol and Diesel Rates

  • June 11, 2022, 11:50 a.m.

Petrol and Diesel Prices Today: Petrol prices on Saturday, June 11, remained unchanged across India, while diesel prices today also remained stable even as the price of crude oil that India buys has hit a decade high of $121 per barrel. Petrol prices and diesel prices have remained unchanged for around three weeks now, since Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by 8 per litre and 6 rupees per litre on diesel earlier last month.

Petrol prices in Delhi stood at Rs 96.72 per litre and Rs 111.35 per litre in Mumbai, while diesel was being sold at Rs 89.62 per litre in Delhi and Rs 97.28 per litre in Mumbai. On the other hand, petrol prices in Kolkata today were standing at Rs 106.03 after the tax cut, while diesel prices in the city stood at Rs 92.76 per litre. Elsewhere in the country, petrol was retailing at Rs 102.63 per litre while diesel was priced at Rs 94.24 per litre.

On May 21, Nirmala Sitharaman announced a cut in excise duty on petrol by 8 per litre and 6 rupees per litre on diesel. Following the government’s decision, petrol prices were cut by Rs 8.69 per litre while diesel prices were reduced by Rs 7.05 in the national capital. Several other states also announced that a cut in the VAT earned from fuel prices was implemented following the excise duty cut.

Petrol and diesel prices have remained the same since May 22, after the excise duty cut was implemented. This was despite the Indian crude oil basket on June 9 touching $121.28, matching levels seen in February and March 2012, according to data available from the oil ministry’s Petroleum Planning and Analysis Cell (PPAC). International oil prices held near a 13-week high on Thursday but came down slightly the day after.

International crude oil prices and the rupee-dollar exchange rate determine fuel prices in India. On top of this, the central government and states levy various taxes, including excise duty and Value Added Tax (VAT), on petrol and diesel. The commission taken by the dealer and freight charges are also included in the fuel price.

Petrol and Diesel Prices on June 11 in Delhi, Chennai, and Other Major Cities in India.

Delhi

Petrol costs Rs 96.72 per litre.

Diesel costs Rs 89.62 per litre.

Mumbai

Petrol costs Rs 111.35 per litre.

Diesel costs Rs 97.28 per litre.

Kolkata

Petrol costs Rs 106.03 per litre.

Diesel costs Rs 92.76 per litre.

Chennai

Petrol costs Rs 102.63 per litre.

Diesel costs Rs 94.24 per litre.

Bhopal

Petrol costs Rs 108.65 per litre.

Diesel costs Rs 93.90 per litre.

Hyderabad

Petrol costs Rs 109.66 per litre.

Diesel costs Rs 97.82 per litre.

Bengaluru

Petrol costs Rs 101.94 per litre.

Diesel costs Rs 87.89 per litre.

Guwahati

Petrol costs Rs 96.01 per litre.

Diesel costs Rs 83.94 per litre.

Lucknow

Petrol costs Rs 96.57 per litre.

Diesel costs Rs 89.76 per litre.

Gandhinagar

Petrol costs Rs 96.63 per litre.

Diesel costs Rs 92.38 per litre.

Thiruvananthapuram.

Petrol costs Rs 107.71 per litre.

Diesel costs Rs. 96.52 per litre.

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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