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Home » News » Business » Petrol, Diesel Price: Fresh Fuel Prices Announced for
Petrol, Diesel; Check Rates
2-MIN READ


PETROL, DIESEL PRICE: FRESH FUEL PRICES ANNOUNCED FOR PETROL, DIESEL; CHECK
RATES

A litre of petrol in Mumbai will be available at Rs 109.98


PETROL, DIESEL PRICE TODAY: PETROL PRICE IN DELHI STANDS AT RS 95.41 PER LITRE
WHILE DIESEL IS AVAILABLE FOR RS 86.67. IN MUMBAI, PETROL IS RETAILING AT RS
109.98 WHILE DIESEL COSTS RS 94.14. CHECK LATEST RATES FOR YOUR CITY HERE

 * Last Updated:March 12, 2022, 08:36 IST
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Aparna Deb

Petrol, Diesel Prices Today: The prices of petrol and diesel in several metro
areas have remained steady today. Petrol prices in cities such as New Delhi,
Kolkata, Mumbai, Chennai, and Bangalore will remain constant today. There has
been no change in domestic auto fuel prices in over four months despite the
global crude oil prices breaching the three-figure mark and touching multi-year
highs. However, now there are speculations that fuel prices may rise by Rs 12 to
Rs 15 per litre. There are chances that OMCs may increase prices soon.

In Delhi, petrol costs Rs 95.41 a litre while the rate of diesel was Rs 86.67
per litre. In Mumbai, petrol can be bought at Rs 109.98 per litre and diesel
costs Rs 94.14 for one litre.

Meanwhile, Petrol in Kolkata costs Rs 104.67 per litre while diesel costs Rs
101.56 a litre. The price of petrol in Chennai has remained steady today at Rs
101.40 per litre, while the price of diesel has remained unchanged at Rs 91.43
per litre.

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The prices across key cities were collectively last revised on November 4, 2021,
when the central government cut the excise duty on the two key fuels to bring
down their retail rates from their record highs and had urged state governments
to cut VAT on fuel. Thereafter, various states had reduced VAT on auto fuels.

Petrol and diesel prices in the country differ from state to state depending on
the local taxation (VAT) and freight charges. Apart from this, the central
government charges an excise duty on auto fuels.

Generally, the oil marking companies (OMCs) revise rates of petrol and diesel
daily, based on the average price of benchmark fuel in the international market
in the preceding 15-days and foreign exchange rates.

Oil prices settled higher on Friday but posted their steepest weekly decline
since November, as traders assessed potential improvements to the supply outlook
that has been disrupted by Russia’s invasion of Ukraine.




Crude prices have soared since the invasion, which Moscow calls a “special
military operation." This week, futures benchmarks hit their highest levels
since 2008, then pulled back sharply as some producing countries signalled they
may boost supply.

Brent crude futures rose $3.34, or 3.1 per cent, on Friday, settling at $112.67
a barrel, after hitting a session low of $107.13. U.S. West Texas Intermediate
(WTI) crude futures rose $3.31, or 3.1 per cent, to settle at $109.33 a barrel,
off the session low of $104.48, Reuters reported.

Check out the Petrol and Diesel Prices Across India on March 9, 2022

Mumbai

Petrol - Rs 109.98 per litre

Diesel - Rs 94.14 per litre

Delhi

Petrol - Rs 95.41 per litre

Diesel - Rs 86.67 per litre

Chennai

Petrol - Rs 101.40 per litre

Diesel - Rs 91.43 per litre

Kolkata

Petrol - Rs 104.67 per litre

Diesel - Rs 89.79 per litre

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Bhopal

Petrol - Rs 107.23 per litre

Diesel - Rs 90.87 per litre

Hyderabad

Petrol - Rs 108.20 per litre

Diesel - Rs 94.62 per litre

Bangaluru

Petrol - Rs 100.58 per litre

Diesel - Rs 85.01 per litre

Read all minute-by-minute news updates for Uttar Pradesh election results 2022,
Punjab election results 2022, Uttarakhand election results 2022, Manipur
election results 2022, and Goa election results 2022.

Click here for seat-wise LIVE result updates.


first published:March 12, 2022, 08:14 IST



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