Petrol and Diesel Price Today in India: Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad and More Cities | The Financial Express

Petrol and diesel price August 24: Fuel cost unchanged; Check prices in Delhi, Mumbai, other cities here

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on August 24 were left unchanged by OMCs keeping price in Delhi at Rs 96.72 per litre.

Petrol and diesel price August 24: Fuel cost unchanged; Check prices in Delhi, Mumbai, other cities here
Crude oil prices were correcting on Wednesday morning. (Image: REUTERS)

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been left unchanged for more than three months by OMCs on August 24. The last country-wide change in price came on May 21, when Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel. Since then, Maharashtra is the only state to have cut rates. Maharashtra government had announced a cut in value-added tax (VAT) on petrol by Rs 5 a litre and by Rs 3 a litre for diesel earlier last month. The cut in VAT is likely to cost Maharashtra’s state exchequer Rs 6,000 crore on an annual basis. 

Petrol price in Delhi today stands at Rs 96.72 a litre as against Rs 105.41 a litre prior to the cut in excise duty, while diesel will cost Rs 89.62 a litre as opposed to Rs 96.67. In Mumbai, one litre of petrol today costs Rs 106.31 against Rs 111.35 earlier while diesel retails at Rs 94.27 down from Rs 97.28 per litre earlier.

Also Read: Domestic oil production down 3.8% in July

Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with international benchmark prices and foreign exchange rates. Any changes in petrol and diesel prices are implemented from 6 am every day. Retail petrol and diesel prices differ from state to state because of local taxes like VAT or freight charges.

Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, Gurugram

Mumbai: Petrol price: Rs 106.31 per litre, Diesel price: 94.27 per litre

Delhi: Petrol price: Rs 96.72 per litre, Diesel price: Rs 89.62 per litre

Chennai: Petrol price: Rs 102.63 per litre, Diesel price: Rs 94.24 per litre

Kolkata: Petrol price: Rs 106.03 per litre, Diesel price: Rs 92.76 per litre

Bengaluru: Petrol: Rs 101.94 per litre, Diesel: Rs 87.89 per litre

Lucknow: Petrol: Rs 96.57 per litre, Diesel: Rs 89.76 per litre

Noida: Petrol: Rs 96.79 per litre, Diesel: Rs 89.96 per litre

Gurugram: Petrol: Rs 97.18 per litre, Diesel: Rs 90.05 per litre

Chandigarh: Petrol: Rs 96.20 per litre, Diesel: Rs 84.26 per litre

Also Read: US stocks end lower with 10-year yield topping 3%; traders brace for hawkish talk at Jackson Hole event

Crude Oil price

Crude oil prices was seen moving lower on Wednesday morning, erasing some gains made in the previous trading session. Crude oil prices moved higher after OPEC hinted at a cut in production. However, after the sharp up-move yesterday, Brent crude futures were down 21 cents to trade at $100.01 a barrel. WTI Crude was at $93.64 a barrel, down just 10 cents, according to Reuters. 

Get live Share Market updates and latest India News and business news on Financial Express. Download Financial Express App for latest business news.