On October 13, the cost of gasoline and diesel remained unchanged in all Indian cities and towns. Fuel prices have been stable for 146 days now.
The price of petrol in Delhi is currently at Rs 96.72 per litre and diesel costs Rs 89.62 per litre. Petrol costs Rs 106.31 per litre and diesel Rs 97.28 per litre in Mumbai. Diesel costs Rs 92.76 and gasoline Rs 102.63 per litre in Kolkata. Diesel costs Rs 94.24 per litre and gasoline Rs 102.63 in Chennai right now.
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Those in Rajasthan’s Sriganganagar pay Rs 113.49 for a litre of petrol and Rs 98.24 for diesel, which are the highest prices of fuel anywhere in India.
Despite a significant decline in global crude prices since its peak in June, Indian energy companies have not implemented daily price revisions for almost four months. Oil companies have kept prices unchanged since May 21, 2022, when the government slashed excise duties on petrol by Rs 8 per litre and on diesel by Rs 6 per litre.
Government data show that India’s average crude oil price fell by 22% to $90.71 per barrel in September from its record of $116.01 in June. OMCs, however, are anticipated to declare losses for the quarter between July and September. It should be emphasised that oil corporations suffered significant losses while oil prices were climbing. For fuel and petrol, Indian oil corporations were losing as much as Rs 20–25 per litre.
Every day around 6 in the morning, state-run oil marketing firms (OMCs) such Indian Oil, Bharat Petroleum, and Hindustan Petroleum reveal daily price changes, if any. The OMCs adjust retail fuel prices in accordance with changes in the cost of crude oil, foreign exchange rates, dealer commissions, and value-added taxes (VAT) in various states.
By sending an SMS, you can quickly and simply find out the current fuel prices in your city. Customers of Indian Oil can text RSP to the number 9224992249, while those of Hindustan Petroleum must text HPPRICE to the number 9222201122. Customers of Bharat Petroleum must send an SMS to the number 9223112222 by typing RSP.
