Gasoline and diesel rates today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Gasoline and diesel prices remained unchanged on Thursday June 23, as the WTO held prices stable for the thirty-second day in a row. Prices have remained unchanged since Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol of Rs 8 per liter and Rs 6 per liter on diesel earlier on May 21, 2022. The price of l petrol in Delhi today stands at Rs 96.72 per liter compared to Rs 105.41 a liter before the excise duty reduction, while diesel is priced at Rs 89.62 per liter instead of Rs 96.67. In Mumbai, a liter of petrol costs Rs 111.35 while diesel sells for Rs 97.28 per litre.
Public sector CMOs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise fuel prices daily based on international benchmark prices and exchange rates. Any changes to gasoline and diesel prices are implemented with effect from 6 a.m. daily. Retail gasoline and diesel prices differ from state to state due to local taxes such as VAT or freight charges. After the central government’s decision to reduce excise duties, several state governments reduced VAT on gasoline and diesel.
Gasoline and Diesel Prices in Chennai, Kolkata, Bangalore, Lucknow, Noida, Gurugram
Mumbai: Petrol price: Rs 111.35 per litre, Diesel price: 97.28 per liter
Delhi: Petrol Price: Rs 96.72 per litre, Diesel Price: Rs 89.62 per liter
Chenai: Petrol Price: Rs 102.63 per litre, Diesel Price: Rs 94.24 per liter
Kolkata: Petrol Price: Rs 106.03 per liter, Diesel Price: Rs 92.76 per liter
Bengaluru: Petrol: Rs 101.94 per liter, Diesel: Rs 87.89 per liter
Lucknow: Petrol: Rs 96.57 per liter, Diesel: Rs 89.76 per liter
Naida: Petrol: Rs 96.57 per liter, Diesel: Rs 89.96 per liter
Gurugram: Petrol: Rs 97.18 per liter, Diesel: Rs 90.05 per liter
Chandīgarh: Petrol: Rs 96.20 per liter, Diesel: Rs 84.26 per liter
Oil prices fall 2% as fears of recession rise
Oil prices fell 2% in early trading on Thursday, extending losses from the day before, as investors feared aggressive hikes in U.S. interest rates could trigger a recession and lower demand for fuel. U.S. West Texas Intermediate (WTI) crude futures fell $2.39, or 2.3%, to $103.80 a barrel at 0031 GMT. Brent crude futures fell $2.24, or 2.0%, to $109.50 a barrel.
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