Petrol Diesel Today: Prices of petrol and diesel continued to stay unchanged for the 73rd consecutive day throughout the nation on Wednesday, August 3, 2022.
The value of petrol in Delhi stands at Rs 96.72 per litre whereas that of diesel is at Rs 89.62. In Mumbai, petrol at the moment prices Rs 106.31, whereas diesel is retailing at Rs 94.27, knowledge out there on Indian Oil Corporation’s web site confirmed.
The charges of the 2 auto fuels haven’t been modified throughout the nation in over two months. They have been concurrently final revised throughout the nation on May 22 when the central authorities had lower the excise responsibility on petrol by 8 per litre, and 6 rupees per litre on diesel. Since then gas costs have been unchanged throughout the nation besides in Maharashtra the place the brand new state authorities final month lowered the value-added tax (VAT) on petrol and diesel by Rs 5 and Rs 3, respectively.
Petrol and diesel charges in India differ from state to state relying on the native taxation (VAT) and freight expenses. Apart from this, the central authorities levies excise responsibility on the 2 auto fuels.
Generally, the state-owned oil advertising firms (OMCs) revise charges of petrol and diesel every day based mostly on the common value of benchmark gas within the worldwide market within the previous 15-days and overseas trade charges.
The authorities on Tuesday halved the windfall tax on the export of diesel and scrapped the levy on jet gas (ATF) shipments however raised the tax on domestically produced crude oil. The tax on the export of diesel was lower to Rs 5 per litre from Rs 11. Export of petrol will proceed to draw nil tax. However, the tax on domestically produced crude oil was hiked to Rs 17,750 per tonne from Rs 17,000. This is the second lower in these taxes in as many weeks.
Generally, the state-owned oil advertising firms (OMCs) revise charges of petrol and diesel every day based mostly on the common value of benchmark gas within the worldwide market within the previous 15-days and overseas trade charges.
In the worldwide market, Brent crude futures have been down 3 cents (0.03 per cent) at $100.51 a barrel at 0603 GMT. West Texas Intermediate (WTI) crude futures have been flat at $94.42 a barrel, in accordance with Reuters knowledge.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Wednesday, August 3, 2022:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
New Delhi
96.72
89.62
Mumbai
106.31
94.27
Kolkata
106.03
92.76
Chennai
102.63
94.24
Bengaluru
101.94
87.89
Hyderabad
109.66
97.82
Patna
107.24
94.04
Bhopal
108.65
93.90
Jaipur
108.48
93.72
Lucknow
96.57
89.76
Thiruvananthapuram
107.71
96.52
Source: Indian Oil Corporation
