Check petrol, diesel rates in Delhi, Mumbai and other cities, ET EnergyWorld


New Delhi: Petrol and diesel prices held steady across metro cities on September 18, the latest price notification issued by fuel retailers showed. The fuel rates are revised daily at 6 am.

As per the latest fuel rates announced by the oil marketing companies, petrol and diesel in Delhi cost Rs 96.72 and Rs 89.62 a litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 per litre and diesel for Rs 94.27. Petrol and diesel are priced at Rs 102.63 and Rs 94.24 in Chennai and at Rs 106.03 and Rs 92.76 in Kolkata.

At present, petrol in Noida has become Rs 97.00 and diesel Rs 90.14 per litre. In Ghaziabad, the price of diesel has become Rs 96.58 per litre and diesel has become Rs 89.75 per litre. In Lucknow, petrol has become Rs 96.57 and diesel Rs 89.76 per litre. In Patna, petrol has become Rs 107.24 and diesel Rs 94.04 per litre. In Chandigarh, diesel has become Rs 96.20 per litre and diesel Rs 84.26 per litre. Petrol in Bhopal has become Rs 108.65 and diesel Rs 93.90 per litre. Petrol in Port Blair has become Rs 84.10 and diesel Rs 79.74 per litre.

In India, oil marketing companies (OMCs) – Bharat Petroleum, Hindustan Petroleum, Indian Oil – decide the fuel prices as per global rates. Earlier, the fuel rates were revised every 15 days. Since 2017, the rates have been revised daily.

The pricing of fuels in India is regulated by the central government and is influenced by factors like excise duty, base prices, and price caps. Excise duty collection is managed by the central government, while Value Added Tax (VAT) collection falls under the purview of individual states. Due to the application of varying VAT rates by each state, fuel prices can diverge accordingly.

Meanwhile, on the international front, the oil prices inched higher on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and on optimism of a demand recovery in China, the world’s top crude importer.

Brent crude futures rose 5 cents, or 0.1%, to $93.98 a barrel by 0027 GMT while U.S. West Texas Intermediate crude was at $90.92 a barrel, up 15 cents, or 0.2%.

India imports about 85% of its oil needs and so domestic pump rates are dependent on international prices, as denominated by the Indian basket of crude oil.

  • Published On Sep 18, 2023 at 09:01 AM IST

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