Petrol and Diesel Rate Today, 25 Nov: Rates remain steady | The Financial Express

Petrol and Diesel Rate Today, 25 Nov: Rates remain steady

In Delhi, petrol and diesel are retailing at Rs 96.72 and Rs 89.62 per litre, respectively.

Petrol and Diesel Rate Today, 25 Nov: Rates remain steady
Any changes in petrol and diesel costs are implemented from 6 am every day.

The petrol and diesel rates remained steady on 25 November 2022, (Friday), the prices for petrol and diesel have not fluctuated for over four months. Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) update petrol and diesel rates daily at 6 AM, in line with international benchmark prices and forex rates.

The last country-wide change in fuel prices came on 21 May 2022, when FM Nirmala Sitharaman announced a cut in excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel. Since the central government excise duty cut, some states have also reduced VAT rates on auto fuels.

Meghalaya was the last to revise the fuel rates when it increased VAT on 24 August 2022, because of which petrol now costs Rs 96.83 per litre in Shillong and diesel is now priced at Rs. 84.72 per litre. The Maharashtra government announced a cut in value-added tax (VAT) on petrol by Rs 5 per litre and by Rs 3 per litre for diesel in July. In Delhi, petrol and diesel are retailing at Rs 96.72 and Rs 89.62 per litre, respectively.

Also read | Share Market LIVE: SGX Nifty hints at a muted start for Nifty, Sensex; Asian markets trading mixed

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

India’s state-owned Oil Marketing Companies have lost an estimated $6.5 billion-$7 billion on petrol and diesel sales due to a virtual freeze in retail prices between November 2021 and August 2022 and their earnings may remain weak this year as they are yet to be compensated for these losses, according to Moody’s Investors Service. Indian Oil Corporation on October 29 reported a net loss of Rs 272.35 crores in the July-September quarter, marking the second consecutive loss in earnings.

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

First published on: 25-11-2022 at 08:12:46 am
Photos
1 Photos
Jawans perform Republic Day rehearsals in high spirit at Kartavya Path amid Delhi cold wave – See PHOTOS
5 Photos
Festive Fervour: Manali Winter Carnival is full of cultural extravaganza – See Beautiful PHOTOS
12 Photos
Redmi Note 12 Pro Plus: Top 12 things to know about Xiaomi’s new 200MP camera phone