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The steady streak is continuing for over two months, and retail fuel prices in India remain unchanged on Monday, August 08. Union Finance Minister Nirmala Sitharaman on May 21 slashed the Excise Duty levied on petrol and diesel prices. The deduction resulted in an Rs 8 drop in petrol prices and Rs 6 in diesel prices. The fuel prices have remained constant since then.
In the national capital, petrol continues to retail at Rs 96.72 per litre whereas diesel prices remained at Rs 89.62 for one litre. In Chennai, a litre of petrol and diesel is being sold at the cost of Rs 102.63 and Rs 94.24 respectively. In Kolkata, the price of petrol remains firm at Rs 109.03 per litre whereas diesel price stands at Rs 92.76 per litre.
In addition to the cut in the excise duty announced by the Centre, many states also reduced tax as well. On July 15, the Maharashtra Government reduced the Value Added Tax (VAT) in fuel prices. After the step was taken petrol prices were dropped by Rs 5 and the cost of diesel was reduced by Rs 3. The new retail price of petrol in the financial capital now stands at Rs 106.31 per litre and diesel is being sold at Rs 94.27 per litre.
Currently, among the four metropolitan cities, the fuel rates are the highest in Mumbai. The prices vary across the country due to local taxes, VAT, freight charges, and so on. Oil Marketing Companies (OMCs), revise the fuel rates daily, considering factors like crude oil prices in the international markets and the rupee-dollar exchange rates.
Check out fuel rates in your cities on August 08, 2022:
Delhi
Petrol: Rs 96.72 per litre
Diesel: Rs 89.62 per litre
Mumbai
Petrol: Rs 106.31 per litre
Diesel: Rs 94.27 per litre
Kolkata
Petrol: Rs 106.03 per litre
Diesel: Rs 92.76 per litre
Chennai
Petrol: Rs 102.63 per litre
Diesel: Rs 94.24 per litre
Bhopal
Petrol: Rs 108.65 per litre
Diesel: Rs 93.90 per litre
Hyderabad
Petrol: Rs 109.66 per litre
Diesel: Rs 97.82 per litre
Bengaluru
Petrol: Rs 101.94 per litre
Diesel: Rs 87.89 per litre
Guwahati
Petrol: Rs 96.01 per litre
Diesel: Rs 83.94 per litre
Lucknow
Petrol: Rs 96.57 per litre
Diesel: Rs 89.76 per litre
Gandhinagar
Petrol: Rs 96.63 per litre
Diesel: Rs 92.38 per litre
Thiruvananthapuram
Petrol: Rs 107.71 per litre
Diesel: Rs 96.52 per litre
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