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Check Petrol, Diesel Rates Today After Excise Duty Cuts in India

Today’s Petrol and Diesel Prices: The price of petrol stayed unchanged across India on Saturday, June 11, while the price of diesel remained unchanged today, despite the fact that the basket of crude oil that India buys reaching a decade high of $121 per barrel.

Since Finance Minister Nirmala Sitharaman announced a drop in excise duty on petrol by 8 rupees per litre and diesel by 6 rupees per litre earlier this month, the price of both has stayed steady for nearly three weeks.

Petrol was priced at Rs 96.72 per litre in Delhi and Rs 111.35 per litre in Mumbai, while diesel was priced at Rs 89.62 in Delhi and Rs 97.28 in Mumbai. However, despite the tax decrease, the price of petrol in Kolkata today was Rs 106.03 per litre, while the price of diesel was Rs 92.76 per litre. Petrol was selling for Rs 102.63 a litre in other parts of the country, while diesel was selling for Rs 94.24 per litre.

On May 21, Nirmala Sitharaman announced an 8-per-litre reduction in petrol excise duty and a 6-per-litre reduction in diesel excise duty. Following the government’s decision, petrol prices in the national capital were decreased by Rs 8.69 per litre while diesel prices were reduced by Rs 7.05 per litre. Following the excise tax reduction, several additional states declared a reduction in the VAT generated from fuel costs.

Since the excise duty drop was imposed on May 22, the price of gasoline and diesel has stayed unchanged.According to data from the oil ministry’s Petroleum Planning and Analysis Cell, the Indian crude oil basket hit $ 121.28 on June 9, matching levels observed in February/March 2012.

(PPAC). On Thursday, international oil prices were approaching a 13-week high, but fell marginally the next day.

In India, fuel costs are determined by worldwide crude oil prices and the rupee-dollar exchange rate. On top of that, the federal government and states collect various taxes on gasoline and diesel, including excise duty and Value Added Tax (VAT). The dealer’s fee and freight expenses are also factored into the fuel price.

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

Delhi

Petrol: Rs 96.72 per litre

Diesel: Rs 89.62 per litre

Mumbai

Petrol: Rs 111.35 per litre

Diesel: Rs 97.28 per litre

Kolkata

Petrol: Rs 106.03 per litre

Diesel: Rs 92.76 per litre

Chennai

Petrol: Rs 102.63 per litre

Diesel: Rs 94.24 per litre

Bhopal

Petrol: Rs 108.65 per litre

Diesel: Rs 93.90 per litre

Hyderabad

Petrol: Rs 109.66 per litre

Diesel: Rs 97.82 per litre

Bengaluru

Petrol: Rs 101.94 per litre

Diesel: Rs 87.89 per litre

Guwahati

Petrol: Rs 96.01 per litre

Diesel: Rs 83.94 per litre

Lucknow

Petrol: Rs 96.57 per litre

Diesel: Rs 89.76 per litre

Gandhinagar

Petrol: Rs 96.63 per litre

Diesel: Rs 92.38 per litre

Thiruvananthapuram

Petrol: Rs 107.71 per litre

Diesel: Rs 96.52 per litre.

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