Oil Marketing Companies (OMCs) continued to sell fuel at unchanged prices on Monday, July 18, 2022. It is to be noted that petrol price in Mumbai fell by Rs 5.04 per liter, while diesel price fell by Rs 3.01 last week. Maharashtra government announced that it is going to cut Value Added Tax (VAT) on petrol and diesel by Rs 5 and Rs 3 per liter respectively.
Following this decision, the retail price of petrol in Mumbai has come down to Rs 106.31 per liter while the retail price of diesel in the financial capital is Rs 94.27 per litre. While Maharashtra experienced changes in the prices of two major fuels, petrol and diesel prices remained unchanged in other parts of the country.
A liter of petrol is being sold at Rs 102.63 per liter in Chennai, while a liter of diesel is being sold at Rs 94.24 per liter in the capital of Tamil Nadu. Petrol consumers in Kolkata continue to pay Rs 106.03, while diesel consumers will continue to pay Rs 92.76 per litre. The retail price of petrol in Delhi is Rs 96.72 per liter, while diesel consumers in the national capital will have to pay Rs 89.62 per litre.
Public Sector Oil Marketing Companies (OMCs) like Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL) and Hindustan Petroleum Corporation Limited (HPCL) revise fuel prices in India. Any revision made by the OMCs in the prices of petrol and diesel is implemented from 6 am daily. Fuel prices can change due to a number of factors including foreign exchange rates in the global market and international crude oil prices. Retail prices of petrol and diesel vary from state to state within a country due to factors such as local taxes such as VAT or freight charges.
Petrol, Diesel Price in Delhi, Chennai and other major cities of India as on 18th July:
Delhi
Petrol: Rs 96.72 per liter
Diesel: Rs 89.62 per liter
Mumbai
Petrol: Rs 106.31 per liter
Diesel: Rs 94.27 per liter
Kolkata
Petrol: Rs 106.03 per liter
Diesel: Rs 92.76 per liter
Chennai
Petrol: Rs 102.63 per liter
Diesel: Rs 94.24 per liter
Bhopal
Petrol: Rs 108.65 per liter
Diesel: Rs 93.90 per liter
Hyderabad
Petrol: Rs 109.66 per liter
Diesel: Rs 97.82 per liter
Bangalore
Petrol: Rs 101.94 per liter
Diesel: Rs 87.89 per liter
Guwahati
Petrol: Rs 96.01 per liter
Diesel: Rs 83.94 per liter
Lucknow
Petrol: Rs 96.57 per liter
Diesel: Rs 89.76 per liter
Gandhinagar
Petrol: Rs 96.63 per liter
Diesel: Rs 92.38 per liter
Thiruvananthapuram
Petrol: Rs 107.71 per liter
Diesel: Rs 96.52 per litre.
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