Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The prices of petrol and diesel on Thursday, July 21, were left untouched by OMCs yet again. Petrol price in Delhi stands at Rs 96.72 a litre as against Rs 105.41 a litre prior to the cut in excise duty, while diesel now costs Rs 89.62 per litre. In Mumbai, one litre of petrol today costs Rs 106.31 while diesel retails at Rs 94.27 per litre. Fuel prices have held steady for nearly two months. The most recent change in prices came for Maharashtra when the new state government announced a cut in value-added tax (VAT) on petrol by Rs 5 a litre and by Rs 3 a litre for diesel last week.
For the rest of the country, prices have been steady since 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. 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
Crude Oil price
Crude oil slipped back below $100 a barrel as investors assessed signs of lackluster US gasoline demand and expanding stockpiles. West Texas Intermediate for September retreated again in Asian trading after ending almost 1 per cent lower on Wednesday. A US government report showed that stockpiles of the fuel rose more than expected last week, while a four-week rolling average shows high prices crimped consumption to only just above the same time two years ago, and below every other year since 2000, according to Reuters.