On Monday, there was no change in the consistent pattern of petrol and diesel prices. In Delhi, the capital city of India, the current rates for petrol and diesel are ₹96.72 and ₹89.62 per litre, respectively. In Mumbai, the price of petrol stands at ₹106.31 per litre, while diesel is being retailed at ₹94.27 per litre.
Here are the fuel rates in various other cities:
City | Petrol (Rs/litre) | Diesel (Rs/litre) |
Delhi | 96.72 | 89.62 |
Mumbai | 106.31 | 94.27 |
Kolkata | 106.03 | 92.76 |
Chennai | 102.66 | 94.26 |
Noida | 96.65 | 89.82 |
Bengaluru | 101.94 | 87.89 |
Fuel prices undergo updates by Oil Marketing Companies (OMCs) every morning at 6 am, aligning them with the current market trends. The government does not exert direct control over these prices, as the OMCs bear the responsibility of implementing any required adjustments. The Central government oversees the regulation of fuel prices through factors like excise duty, base prices, and cap prices.
The Centre collects excise duty, whereas states collect VAT (Value Added Tax). Since each state has its own distinct VAT rates, the pricing of fuel may differ accordingly.