Gasoline and diesel prices today in India: Gasoline and diesel rates today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad and other cities

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Essence and diesel rates today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Gasoline and diesel prices remained unchanged on Thursday as the WTO held prices steady for the twenty-fifth straight day. Prices have remained unchanged since Finance Minister Nirmala Sitharaman announced a reduction in excise duty on petrol of Rs 8 per liter and Rs 6 per liter on diesel earlier on May 21. Petrol price in Delhi today stands at Rs 96.72 per liter from Rs 105.41 per liter before the excise duty reduction, while diesel will cost Rs 89.62 per liter instead of Rs 96.67. In Mumbai, a liter of petrol costs Rs 111.35 while diesel sells for Rs 97.28 per litre.

Public sector CMOs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise fuel prices daily based on international benchmark prices and exchange rates. Any changes to gasoline and diesel prices are implemented with effect from 6 a.m. daily. Retail gasoline and diesel prices differ from state to state due to local taxes such as VAT or freight charges.

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After the central government’s decision to reduce excise duties, several state governments reduced VAT on gasoline and diesel. After the finance minister’s decision, the government of Kerala announced a reduction in the tax on petrol and diesel prices by Rs 2.41 and Rs 1.36 per liter respectively. The Rajasthan government has reduced VAT on petrol by Rs 2.48 per liter and diesel by Rs 1.16 per litre. The Maharashtra government has reduced VAT on a petrol per liter by Rs 2.08 and on diesel by Rs 1.44 per litre. The Odisha government has also reduced petrol and diesel taxes by Rs 2.23 and Rs 1.36 per liter respectively.

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Gasoline and Diesel Prices in Chennai, Kolkata, Bangalore, Lucknow, Noida, Gurugram

Mumbai: Petrol price: Rs 111.35 per litre, Diesel price: 97.28 per liter

Delhi: Petrol price: Rs 96.72 per liter, Diesel price: Rs 89.62 per liter

Chennai: Petrol price: Rs 102.63 per liter, Diesel price: Rs 94.24 per liter

Kolkata: Petrol price: Rs 106.03 per liter, Diesel price: Rs 92.76 per liter

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Bengaluru: Petrol: Rs 101.94 per liter, Diesel: Rs 87.89 per liter

Lucknow: Petrol: Rs 96.57 per liter, Diesel: Rs 89.76 per liter

Noida: Petrol: Rs 96.57 per liter, Diesel: Rs 89.96 per liter

Gurugram: Petrol: Rs 97.18 per liter, Diesel: Rs 90.05 per liter

Chandigarh: Petrol: Rs 96.20 per liter, Diesel: Rs 84.26 per liter

crude oil prices

Crude oil prices rebounded Thursday morning as investors gauged the impact on commodity prices due to tight supply. Brent crude futures rose $1.10 to trade at $119.61 a barrel, while US West Texas Intermediate (WTI) crude futures were trading at $116.59 a barrel, gaining $1.28, according to Reuters.

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