Check Out Petrol and Diesel Price in India

Check Out Petrol and Diesel Price in India

Check Out Petrol and Diesel Price in India

Petrol and diesel costs remain resolute for the ninth consecutive day, on Friday, November 12, 2021. The price for auto fuel was reduced by the Central Government on Diwali. This was followed by cutting off the Value Added Tax (VAT) by more than 20 states. 

Last week, Centre had reduced excise duty on the fuels, diminishing petrol price by ₹5 and diesel cost by ₹10. This step was commendable in easing out the burden of high priced fuel for transportation from the shoulders of the common man. NDA and BJP had joined to slash VAT as well. The duality of this step had dropped the price to below ₹100 in many Indian states. 

With the Centre’s tax reduction, petrol dropped to ₹103.97 in the national capital of Delhi. Rendering the highest among the metropolitan cities, petrol rates in Mumbai stood at ₹109.98 per litre on the day.. In Kolkata, the price of one litre of petrol on Monday dropped to ₹104.67. In Chennai, petrol cost was at Rs 101.40 for one litre. 

Cheap diesel prices have been recorded since Diwali after the excise duty diminished. A litre of diesel cost ₹86.67. The Delhi government reports do not speak of VAT cancellation. Diesel price in the financial capital was selling at ₹94.14 for one litre after the price drip, and was unaffected too. The price of one litre of diesel was fixed at ₹89.79 in Kolkata, with chief minister Mamata Banerjee indicating no probable VAT reduction. In Chennai diesel price was ₹91.43. 

Petrol and diesel prices vary from state to state based. Discourses on matters of crude oil prices in the international market, VAT and cargo expenditure. Bear a look at 6am, to learn the prices of petrol and diesel by oil marketing companies, envisaging an inflammation or a reduction. 

Reuters reports cited crude oil prices settled slightly in the upward ascend in the global market. Brent crude futures sided up 23 cents at $82.87 a barrel after declining during the session to $81.66. U.S. West Texas Intermediate (WTI) futures were set for  25 cents to $81.59, hitting the session low of $80.20.

On November 1, central excise of ₹32.90 a litre and VAT render of 30 percent in Delhi made up for 54 per cent of the RSP of diesel, PTI reported a price rise by state-owned OMCs. This, after ₹5/litre reduction in excise duty, has gone below 50 per cent in Delhi. 

The prices of diesel and petrol in major Indian cities are listed below: 

Mumbai: Petrol - ₹109.98 per litre.

Diesel - ₹94.14 per litre. 

Delhi: Petrol - ₹103.97 per litre.

Diesel - ₹86.67 per litre.

Chennai: Petrol - ₹101.40 per litre.

Diesel - ₹86.67 per litre.

Kolkata: Petrol - ₹104.67 per litre.

Diesel - ₹89.79 per litre.

Thiruvananthapuram: Petrol -₹106.36 per litre. 

Diesel - ₹93.47 per litre.

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