Petrol and diesel prices remained unchanged on Wednesday, March 9, even as crude oil prices skyrocket in the international markets due to the Russia-Ukraine war.
Fuel is relatively cheaper in Guwahati, Lucknow, Gandhinagar and Delhi as state governments had brought down Value-Added Tax (VAT) on petrol and diesel following an excise duty cut by the central government last year.
On the other hand, the petrol price in Mumbai is highest among the metro cities at Rs 109.98 per litre. Bhopal, Hyderabad and Thiruvananthapuram are the other cities where fuel prices are dearer.
Central government had announced an excise duty cut on petrol and diesel by Rs 5 and Rs 10, respectively, on the eve of Diwali last year. Following the decision, several states, mostly ruled by National Democratic Alliance (NDA) and allies also cut the VA) on petrol and diesel prices.
Opposition-ruled Punjab and Rajasthan also reduced VAT on petrol prices by Rs 11.02 and diesel by Rs 6.77. The impact of the combined reduction of taxes on fuel by the Centre and the state was as much as Rs 16.02 per litre and diesel by Rs 19.61 a litre in Punjab. In Ladakh, diesel saw most reduction as rates have come down by Rs 9.52 per litre. This is because of a cut in VAT on top of Rs 10 a litre fall in excise duty.
Following are the prices of diesel and petrol in some metro and Tier-II cities in the country:
1. Mumbai
Petrol - Rs 109.98 per litre
Diesel - Rs 94.14 per litre
2. Delhi
Petrol - Rs 95.41 per litre
Diesel - Rs 86.67 per litre
3. Chennai
Petrol - Rs 101.40 per litre
Diesel - Rs 91.43 per litre
4. Kolkata
Petrol - Rs 104.67 per litre
Diesel - Rs 89.79 per litre
5. Bhopal
Petrol - Rs 107.23 per litre
Diesel - Rs 90.87 per litre
6. Hyderabad
Petrol - Rs 108.20 per litre
Diesel - Rs 94.62 per litre
7. Bangaluru
Petrol - Rs 100.58 per litre
Diesel - Rs 85.01 per litre
8. Guwahati
Petrol - Rs 94.58 per litre
Diesel - Rs 81.29 per litre
9. Lucknow
Petrol - Rs 95.28 per litre
Diesel - Rs 86.80 per litre
10. Gandhinagar
Petrol - Rs 95.35 per litre
Diesel - Rs 89.33 per litre
11. Thiruvananthapuram
Petrol - Rs 106.36 per litre
Diesel - Rs 93.47 per litre
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Feroze Gandhi to Rahul Gandhi: Rae Bareli's tryst with Congress
May 3, 2024 11:36 AM
Rahul Gandhi to contest from Raebareli, close aide KL Sharma from Amethi
May 3, 2024 8:39 AM
BJP's Hindi heartland dominance faces test in phase 3 polls
May 2, 2024 9:14 PM