Petrol and diesel costs in your metropolis right this moment, test right here

Petrol Diesel Price Today: Prices of petrol and diesel remained unchanged for the second consecutive day throughout the nation on Tuesday, May 24, 2022.

The worth of petrol in Delhi stands at Rs 96.72 per litre whereas that of diesel is at Rs 89.62. In Mumbai, petrol at present prices Rs 111.35, whereas diesel is retailing at Rs 97.28, information obtainable on Indian Oil Corporation’s web site confirmed.

The charges of each the important thing auto fuels had been sharply decreased on Sunday after Finance Minister Nirmala Sitharaman introduced a reduce in excise responsibility on petrol by 8 per litre, and 6 rupees per litre on diesel on Saturday. Following the federal government’s choice petrol worth was reduce by Rs 8.69 per litre whereas diesel was decreased by Rs 7.05 within the nationwide capital on Sunday.

Additionally, the state governments of Maharashtra, Rajasthan and Kerala too have decreased VAT on petrol and diesel after Finance Minister Nirmala Sitharaman’s name to supply additional aid to shoppers following a reduce in excise responsibility by the Centre.

Petrol and diesel costs within the nation differ from state to state relying on the native taxation (VAT) and freight fees. Apart from this, the central authorities fees an excise responsibility on auto fuels.

OMCs revise charges of petrol and diesel each day based mostly on the common worth of benchmark gas within the worldwide market within the previous 15-days and overseas trade charges.

In the worldwide market, oil costs fell on Tuesday as considerations over a doable recession and China’s Covid-19 curbs outweighed an expectation of tight world provide and a pick-up in gas demand with the US summer time driving season, information company Reuters reported.

Brent crude futures for July slid 61 cents (0.5 per cent) to $112.81 a barrel by 0402 GMT. US West Texas Intermediate (WTI) crude futures for July supply dropped 55 cents (0.5 per cent) to $109.74 a barrel. Both benchmarks fell by greater than $1 earlier within the session, the report mentioned.

Here’s what you pay for a litre of petrol and diesel in your metropolis on Tuesday, May 24, 2022:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
New Delhi
96.72
89.62
Mumbai
111.35
97.28
Kolkata
106.03
92.76
Chennai
102.63
94.24
Bengaluru
101.94
87.89
Hyderabad
109.66
97.82
Patna
107.24
94.04
Bhopal
108.65
93.90
Jaipur
108.48
93.72
Lucknow
96.57
89.76
Thiruvananthapuram
107.71
96.52
Source: Indian Oil Corporation