Petrol, diesel prices February 28, Check latest fuel rates

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Petrol and diesel prices remained constant, continuing the trend of over eight months. In Delhi, petrol is being sold for ₹96.72 per litre, while diesel costs ₹89.62 per litre. In Mumbai, petrol is priced at ₹106.31 per litre, while diesel retails at ₹94.27 per litre. Chennai sells one litre of petrol for ₹102.63 and diesel for ₹94.24 per litre. Meanwhile, in Kolkata, the rates for petrol and diesel are ₹106.03 per litre and ₹92.76 per litre, respectively.

States have different fuel rates according to various factors including levy of Value Added Tax (VAT), freight charges, local taxes, etc.

Here is a list of petrol and diesel prices in other cities of the country:

CITY PETROL PRICE (Rs/LITRE) DIESEL PRICE (Rs/LITRE)
NOIDA 96.79 89.96
GURUGRAM 97.18 90.05
BENGALURU 101.94 87.89
CHANDIGARH 96.20 84.26
JAIPUR 108.48 93.72

After finance minister Nirmala Sitharaman cut the excise duty on petrol by 8 per litre and diesel by 6 per litre in May 2022, some states have decreased VAT prices on fuels, while some like Punjab and Kerala have imposed fuel cess.

Indian Oil, Hindustan Petroleum and Bharat Petroleum, which are state-run oil marketing companies, revise the prices of petrol and diesel on a daily basis at 6 am based on international benchmark prices and foreign exchange rates.

Oil headed for a fourth straight monthly drop as concerns about tighter monetary policy and swelling stockpiles in the US eclipsed optimism about rising demand in top importer China. Oil prices have also been weighed down by rising US stockpiles, which are at the highest level since May 2021.

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