Petrol, Diesel Prices Today: Fuel costs remained unchanged throughout metro cities on Sunday, February 27, 2022 for the 114th day, regardless of crude oil costs rising sharply as the Ukraine-Russia battle escalated. This is the longest length for which gasoline costs have remained static ever because the day by day revision of costs started in June 2017.
Government on November 4, 2021, had slashed excise responsibility on petrol and diesel costs which had introduced down the charges to some extent. Excise responsibility on petrol was lowered by Rs 5 per litre whereas on diesel it was minimize down by Rs 10 a litre.
Later in December 2021, the Delhi authorities had lowered the value-added tax on petrol from 30 per cent to 19.40 per cent. With this, petrol costs within the nationwide capital had been slashed by Rs 8.56 per litre.
A litre of petrol prices Rs 95.41 in Delhi, whereas diesel charges stand at Rs 86.67 per litre. In Mumbai, petrol is retailed at Rs 109.98 per litre, whereas diesel is being offered at Rs 94.14 per litre. Among the metro cities, gasoline charges are nonetheless the best in Mumbai. Fuel costs range throughout the states as a consequence of value-added tax or VAT. (Also Read: How To Check Latest Petrol And Diesel Rates In Your City).
Here are the petrol and diesel value throughout the metro cities:
State-run oil refiners equivalent to Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the gasoline charges every day, by making an allowance for the crude oil costs within the worldwide markets, and the rupee-dollar trade charges. Any adjustments in petrol and diesel costs are carried out with impact from 6 am each day.
India is 85 per cent depending on imports to fulfill its oil wants and, the home petrol and diesel costs are linked to worldwide charges. But for the final over three months, regardless of a spurt in worldwide oil costs, petrol and diesel charges haven’t been modified. Also with meeting elections in politically essential state like Uttar Pradesh nonetheless happening, the costs have remained static.