The petrol and diesel prices in India remained unchanged on Wednesday as well. According to fuel prices announced by the Oil Marketing Companies (OMCs) at 6am, petrol is being retailed in the national capital (Delhi) at ₹96.72 per litre while the cost of diesel stood at ₹89.62 per litre.
The petrol rate in Kolkata is currently ₹106.03 per litre. (File) In Mumbai, the petrol prices stood at ₹106.31 while the cost of diesel was at ₹94.27 per litre. In Kolkata, the petrol and diesel was being retailed at ₹106.03 per litre and ₹92.76 per litre. The petrol and diesel prices in Chennai stood at ₹102.63 per litre and ₹94.24 per litre.
Here are the petrol and diesel prices for other prominent cities:-
CITYPETROL (Rs/LITRE)DIESEL (Rs/LITRE)BENGALURU101.9487.89PATNA107.2494.04JAIPUR108.4893.72LUCKNOW96.5789.76AHMEDABAD96.4292.17 Fuel prices in India are revised daily at 6 am after being decided by top oil companies. They are not controlled by the government. It controls the petrol and diesel prices through excise duty, base prices and cap prices at which dealers and OMCs deal with each other.
The fuel prices are not covered under goods and services tax (GST). While the Centre collects excise duty, the states collect VAT. The VAT is different for each state and hence the pricing. Rajasthan levies the highest VAT in the country, followed by Madhya Pradesh and Maharashtra.
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