Fuel Prices in India: Petrol and Diesel Rates on August 16
Key Highlights :
The oil marketing companies (OMCs) in India review fuel prices on a daily basis and the rates, whether new or unchanged, come into effect at 6am each day. On August 16, the petrol and diesel prices across major cities in India were largely constant, while minor changes were observed in case of individual places. In Delhi, one litre of petrol is retailing at ₹ 96.72, and an equal quantity of diesel is at ₹ 89.62. In Mumbai, commuters must pay ₹ 106.31 for a litre of petrol, and ₹ 94.27 for diesel. In Kolkata, the cost of one litre petrol is ₹ 106.03, and ₹ 102.74 in Chennai; in these two cities, diesel is available for ₹ 92.76 and ₹ 94.33, respectively.
The variation in fuel prices from state-to-state is due to factors such as value-added tax (VAT), freight charges, local charges, etc. The last pan-country revision to fuel prices was made on May 21 last year, and, since then, the rates have remained uniform, in most states and major cities.
In Ahmedabad, the petrol price is ₹ 96.42 and diesel is ₹ 92.17. In Bengaluru, petrol is retailing at ₹ 101.94 and diesel at ₹ 87.89. In Chandigarh, the price of petrol is ₹ 96.20 and diesel is ₹ 84.26. In Gurugram, the cost of petrol is ₹ 96.98 and diesel is ₹ 89.85. In Hyderabad, one litre of petrol is ₹ 109.66 and diesel is ₹ 97.82. In Jaipur, petrol is available for ₹ 108.48 and diesel for ₹ 93.72. In Lucknow, the petrol price is ₹ 96.62 and diesel is ₹ 89.81. In Noida, the cost of petrol is ₹ 97.00 and diesel is ₹ 90.14.
The prices of petrol and diesel in India have remained largely unchanged since May 21 last year. The variation in fuel prices from state-to-state is due to the various taxes and charges imposed by the local authorities. It is important to note that the fuel prices are reviewed on a daily basis and the new rates come into effect at 6am each day.
It is advisable for commuters to keep a track of the fuel prices in their respective cities in order to save money and time. This can be done by regularly checking the official websites of the oil marketing companies. It is also important to note that the fuel prices may differ from city-to-city due to the various taxes and charges imposed by the local authorities.
In conclusion, the fuel prices in India have remained largely unchanged since May 21 last year. The oil marketing companies review fuel prices on a daily basis and the new rates come into effect at 6am each day. It is important to keep a track of the fuel prices in order to save money and time.
