Petrol and diesel costs on March 16: Check gas charges in your metropolis as we speak

Petrol and diesel value as we speak: Petrol and diesel costs remained unchanged throughout the nation on Wednesday, March 16, 2022.

Petrol value in Delhi stands at Rs 95.41 per litre whereas that of diesel is at Rs 86.67. In Mumbai, petrol at present prices Rs 109.98, whereas diesel is retailing at Rs 94.14, information obtainable on Indian Oil Corporation’s web site confirmed.

In India, the auto gas costs haven’t modified in over 4 months regardless of the steep rise in international crude oil costs that breached the three-figure mark and touched multi-year highs triggered by the fallout of the Russia-Ukraine battle earlier this month.

The costs throughout key cities have been collectively final revised on November 4, 2021, when the central authorities lower the excise responsibility on the 2 key fuels to deliver down their retail charges from their report highs and had urged state governments to chop VAT on gas. Thereafter, numerous states had decreased VAT on auto fuels.

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

The oil marking firms (OMCs) typically revise charges of petrol and diesel each day, primarily based on the common value of benchmark gas within the worldwide market within the previous 15-days and international change charges.

In the worldwide market, oil costs, which had traded decrease early within the session on Wednesday, turned larger, with Russia’s invasion of Ukraine persevering with to stoke risky commerce, information company Reuters reported.

Global benchmark Brent crude rose 1.26 per cent to $101.17 per barrel, and US crude added 0.93 per cent to $97.34 per barrel, the report stated.

Here’s what you pay for a litre of petrol and diesel in your metropolis on Wednesday, March 16, 2022:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
New Delhi
95.41
86.67
Mumbai
109.98
94.14
Kolkata
104.67
89.79
Chennai
101.40
91.43
Bengaluru
100.58
85.01
Hyderabad
108.20
94.62
Patna
105.90
91.09
Bhopal
107.23
90.87
Jaipur
107.06
90.70
Lucknow
95.28
86.80
Thiruvananthapuram
106.36
93.47
Source: Indian Oil Corporation