Petrol Diesel Price: Fuel prices are crucial in our daily lives, impacting household budgets and economic activities. The rates revised daily at 6 am, are intricately linked to global crude oil prices. While there is anticipation for a possible softening of prices before 2024, the last change in national fuel rates occurred in May 2022.
Crude oil, a key determinant in this equation, continues its volatile journey. Currently, it stands at $72.05 per barrel, influencing the day-to-day costs of petrol and diesel. One common question that often arises is why these rates vary across cities.
Unlike goods and services on which the Goods and Services Tax (GST) is applied, petrol and diesel are not subject to this tax. Instead, the state government imposes Value Added Tax (VAT), leading to differing prices in different cities.
Let’s take a look at the current Petrol Diesel Price in various metros:
| City | Petrol Rate (Rs./L) | Diesel Rate (Rs./L) |
|---|---|---|
| Delhi | 96.72 | 89.62 |
| Kolkata | 106.03 | 92.76 |
| Mumbai | 106.31 | 94.27 |
| Chennai | 102.63 | 94.24 |
| Noida | 96.65 | 89.82 |
| Gurugram | 97.04 | 89.91 |
| Bengaluru | 101.94 | 87.89 |
| Jaipur | 108.48 | 93.72 |
| Patna | 107.24 | 94.04 |
| Lucknow | 96.47 | 89.66 |
| Hyderabad | 109.66 | 97.82 |
| Chandigarh | 96.20 | 84.26 |
These are the current petrol and diesel rates in major cities across India. Prices vary due to factors such as local taxes and state-imposed Value Added Tax (VAT). Stay informed about fluctuations to manage your fuel expenses effectively.
