Crescent Kashmir

Petrol and diesel prices on March 16

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The petrol and diesel rates remained unchanged on Thursday. Oil Marketing Companies revise the fuel prices based on the most recent market trends every morning at 6 am. The fuel prices are not controlled by the government. The OMCs need to adjust their prices. The Central government regulates fuel prices through excise duty, base prices and cap prices.

According to fuel prices announced, petrol was priced in Delhi at 96.72 per litre while the cost of diesel was 89.62 per litre.

In India’s financial capital Mumbai, the price of petrol stood at 106.31 while the cost of diesel was 94.27 per litre. The petrol and diesel prices in Kolkata stood at 106.03 per litre and 92.76 per litre respectively. The price of petrol in Chennai stood at 102.74 was diesel was priced at 94.24 per litre.

Here are the fuel prices for top Indian cities on Thursday:

City PETROL (Rs/Litre) DIESEL (Rs/Litre)
LUCKNOW 96.47 89.76
BHOPAL 108.65 93.99
PATNA 107.57 94.51
JAIPUR 109.39 94.34
BENGALURU 101.94 87.89

The most recent nationwide adjustment in fuel prices was made in May 2022 by Finance Minister Nirmala Sitharaman, who slashed the excise duty on petrol and diesel by 8 per litre and 6 per litre, respectively.

It is to be noted that the fuel prices in India are not under goods and service tax (GST). The prices differ from state to state, influenced by various factors, such as Value Added Tax (VAT), freight charges, and local taxes.


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