Petrol, diesel worth right this moment, July 12, 2022: Check gas charges in your metropolis

Petrol and Diesel Rates Today in Delhi, Mumbai, Bengaluru, Kolkata: Petrol and diesel costs remained stagnant throughout the nation for the 51st successive day on Tuesday, July 12, 2022.

In Delhi, petrol continues to retail at Rs 96.72 per litre, whereas diesel is offered for Rs 89.62 per litre. Simultaneously, in Mumbai, petrol prices Rs 111.35 per litre, whereas diesel is priced at Rs 97.28.

In May, the excise tax on petrol and diesel was lowered by Rs 8 and Rs 6, respectively by Finance Minister Nirmala Sitharaman. This resulted in a fall in petrol and diesel costs within the nationwide capital by Rs 8.69 per litre and Rs 7.05 per litre, respectively, on May 22.

Based on native taxes (VAT) and freight costs, the worth of petrol and diesel varies from state to state in India. In addition to this, the central authorities additionally collects an excise obligation on the 2 auto fuels.

The Centre introduced an export obligation of Rs 6 per litre on petrol and ATF and Rs 13 per litre on diesel, earlier this month. Additionally, it additionally imposed a cess of Rs 23,250 per tonne (by the use of particular further excise obligation) on home crude oil being bought to home refineries at worldwide parity costs to counteract producers’ windfall income from excessive oil costs overseas.

Generally, the oil advertising corporations (OMCs) alter the petrol and diesel charges every day based mostly on the typical worth of benchmark gas within the worldwide market within the previous 15-days and overseas alternate charges.

In the worldwide market, Brent crude futures for September had fallen $1.81 (1.7 per cent) to $105.29 a barrel by 0633 GMT, whereas US West Texas Intermediate crude for August supply was at $102.14 a barrel, down $1.95 (1.9 per cent), Reuters information confirmed.

Petrol and diesel charges in main cities on Tuesday, July 12, 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