Petrol and diesel prices undergo daily revisions at 6 am. On Sundays, the fuel prices remained unchanged in major cities. The oil marketing companies, such as IOCL, HPCL, and BPCL, announce the daily petrol and diesel prices at 6 am.
In Delhi, petrol was being sold at ₹96.72 per litre, while diesel was priced at ₹89.62 per litre. In Mumbai, India’s financial capital, petrol was priced at ₹106.31 per litre, and diesel cost ₹94.27 per litre.
Here are the petrol and diesel prices for other cities on July 9, 2023.
| CITY | PETROL PRICE (Rs/LITRE) | DIESEL PRICE (Rs/LITRE) |
|---|---|---|
| KOLKATA | 106.03 | 92.76 |
| CHENNAI | 102.63 | 94.33 |
| LUCKNOW | 96.47 | 89.76 |
| AHMEDABAD | 96.42 | 92.17 |
| BENGALURU | 101.94 | 87.89 |
Previously, the Indian government controlled petrol and diesel prices, revising them every 15 days. However, in 2014, the Centre de-regulated fuel rates, and since 2017, prices have been revised on a daily basis.
The determination of fuel prices lies in the hands of oil companies, overseen by the petroleum planning and analysis cell of the Ministry of Petroleum and Natural Gas.
Fuel prices are determined based on factors such as exchange rates, global prices, tax structures, and other relevant considerations.
Petrol prices in different states are subject to VAT charged by the respective state governments. Since each state has its own VAT rates, pricing may vary.
