Page 3 - Petrol-diesel Prices

Oil at $84 again: Petrol, diesel price on hold for 68th day in a row

Petrol and diesel prices have remained unchanged for 68 days in a row despite a USD 16 swing in international oil prices and global rates again climbing to USD 84 per barrel, oil company data showed. Petrol and diesel were last changed on November 4, 2021, when the central government cut excise duty to give relief from rates that had touched an all-time high. This is the longest duration of no-change in prices since the daily price revision was introduced in June 2017, the data showed. Prior to that, there was an 82-day hiatus in rate revision between March 17, 2020, and June 6, 2020. On November 4, 2021, excise duty on diesel was cut by Rs 10 a litre and that on petrol by Rs 5 per litre, resulting in an equivalent reduction in retail pump rates. On that day, some states, mostly ruled by the BJP, cut local sales tax or VAT to give larger relief to consumers. Other states like Punjab and Delhi followed suit at later dates but the base price of petrol and diesel has remained unchang

Fuel rates remain unchanged on Thursday; petrol in Mumbai at Rs 109.98

Oil marketing companies on Thursday kept the prices of diesel and petrol unchanged across major Indian cities.

Fuel prices remain unchanged on Tuesday; petrol in Mumbai at Rs 109.98

Oil marketing companies kept the prices of diesel and petrol unchanged across major Indian cities on Tuesday.

OMCs keep diesel, petrol prices steady across major Indian cities on Friday

Oil marketing companies have kept the prices of diesel and petrol unchanged across major Indian cities on Friday.

OMCs leave diesel, petrol prices unchanged across metros on Thursday

Diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively.

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OMCs keep fuel prices unchanged across major Indian cities on Wednesday

The diesel and petrol rates in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively.

Fuel prices remain unchanged on Monday; petrol at Rs 109.98 in Mumbai

Oil marketing companies on Monday kept the prices of diesel and petrol unchanged across major Indian cities.

Oil marketing companies keep diesel, petrol prices unchanged on Friday

Oil marketing companies kept diesel and petrol prices unchanged across major cities on Friday

Petrol in Delhi to be cheaper by Rs 8 as AAP govt decides to cut VAT

It was decided that the Value-Added Tax (VAT) on petrol will be reduced from the present 30 per cent to 19.4 per cent, leading to a cut of around Rs 8 per litre

Petrol to be cheaper by Rs 8 in Delhi as AAP govt decides to cut VAT: Rpts

The Delhi government on Wednesday decided to reduce the VAT on petrol, bringing down the price of the fuel in the city by about Rs 8 per litre, official sources said. At a cabinet meeting chaired by Chief Minister Arvind Kejriwal, it was decided that the Value-Added Tax (VAT) on petrol will be reduced from the present 30 per cent to 19.4 per cent, leading to a cut of around Rs 8 per litre, they added. The price of petrol after the VAT cut will go down from the current Rs 103 per litre to Rs 95 per litre, the sources said. The petrol price in Delhi was higher as compared to the NCR cities in Uttar Pradesh and Haryana, where the state governments had announced a VAT cut following the Centre reducing the excise duty on fuel prices.

Oil marketing companies keep diesel, petrol prices unchanged in metros

Prices of the petrol and diesel have been untouched post the revision of duties by the Centre and state governments in early November

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Global benchmark Brent crude oil prices remained largely range bound at around USD 80 to 82 per barrel, levels during November (till November 25)

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The strike had begun early on Thursday as the main industry body flagged low profit margins, exacerbated by the government's move to raise taxes and boost revenue

Fuel prices static as oil companies keep petrol, diesel prices unchanged

The pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a. m. on November 4 from previous day's Rs 110.04 a litre, remains at the same level.

Rajasthan cuts VAT to reduce fuel prices by up to Rs 5 per litre

The Rajasthan government on Tuesday decided to reduce petrol price by Rs 4 per litre and diesel rate by Rs 5 per litre from midnight. "In the cabinet meeting today, it was unanimously decided to reduce the rate of VAT on petrol and diesel. After this, the rates will be reduced by Rs 4 per litre in petrol and Rs 5 per litre in diesel from 12 o'clock tonight, Rajasthan Chief Minister Ashok Gehlot tweeted. The meeting chaired by Gehlot was held at the chief minister's residence.

Fuel price relief continues as OMCs keep rates unchanged on Tuesday

Prices also remained static on Monday in Kolkata where the price of petrol reduced by Rs 5.82 to Rs 104.67 per litre and that of diesel by Rs 11.77 to Rs 89.79 per litre in the first week of November.

CM Ashok Gehlot asks Centre to further cut excise duty on petrol, diesel

Speaking to the media, the chief minister said, "We demand the Central government to further cut petrol and diesel prices."

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Oil price hovers near $83 as strong dollar vies with inflation worry

On Thursday, the dollar rose to almost 16-month highs against the euro and other currencies due to bets on interest rate hikes.