The global oil market has remained volatile with continuous variations in prices however, the fuel prices in India have remained steady for over a fortnight now. The rates have remained unchanged for 18 consecutive days however; it has not helped in bringing the rates down which have crossed the Rs 100 per litre (petrol) mark in various parts of the country. The rates of the fuel started witnessing an upswing in January 2021 which led to demands for a cut in excise duty.
The prices of petrol and diesel are revised daily based on international rates and foreign exchange rates. Here are the rates of petrol and diesel in various cities of the country according to Good Returns:
New Delhi: The rate of petrol stood at Rs 91.17 per litre while the price of diesel is at Rs 81.47 a litre in the national capital on Wednesday, March 17.
Mumbai: In Mumbai, a person will have to pay Rs 97.57 for one litre of petrol while Rs 88.60 for the same quantity of diesel.
Chennai: The price of petrol stood at Rs 93.11 per litre in the city whereas diesel was selling at Rs 86.45 a litre.
Bengaluru: Petrol was selling at Rs 94.22 per litre in Bengaluru while diesel prices stayed at Rs 86.37 for the same quantity.
Kolkata: One will have to pay Rs 91.35 and Rs 84.35 per litre for petrol and diesel respectively in the city.
Hyderabad: Petrol is at Rs 94.79 a litre and diesel is at Rs 88.86 per litre.
Recently amid record-high fuel prices in the country, Finance Minister Nirmala Sitharaman has informed that there is no proposal as of now to bring crude oil, petrol, diesel, jet fuel (ATF) and natural gas under the Goods and Services Tax (GST).
In India fuel prices are revised by the oil marketing companies including Indian Oil, Bharat Petroleum, etc based on the International rates.
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