Published 9 June 2022
Basseterre
Buckie Got It St. Kitts and Nevis News Source
Petrol, Diesel Prices: Fuel rates remained unchanged on June 9 across metro cities
Petrol, Diesel Prices Today: Fuel prices remained unchanged today on June 9, 2022 for the 18th consecutive day across four metros.
Petrol price in Delhi is ₹ 96.72 a litre while diesel in the national capital costs ₹ 89.62 a litre.
In Mumbai petrol costs ₹ 111.35 per litre while diesel is priced at Rs 97.28 a litre. Among the four metro cities, fuel prices remain the highest in Mumbai.
Earlier on May 22, 2022, fuel prices had come down after Finance Minister Nirmala Sitharaman had announced a cut in excise duty on petrol by 8 per litre and 6 rupees per litre on diesel on the evening of May 21.
The excise duty cuts along with ₹ 5 cut on petrol and ₹ 10 reduction on diesel which was implemented from November 4, 2021, rolled back the ₹ 13 per litre and Rs16 per litre increase in taxes on petrol and diesel, respectively, which was effected between March 2020 and May 2020, to avoid passing on to consumers the sharp fall in international oil prices.
Fuel rates vary from state to state depending upon the incidence of local taxation.
Here are the petrol and diesel price across the metro cities:
| City | Petrol | Diesel |
|---|---|---|
| Delhi | 96.72 | 89.62 |
| Mumbai | 111.35 | 97.28 |
| Chennai | 102.63 | 94.24 |
| Kolkata | 106.03 | 92.76 |
| Source: Indian Oil |
State-run oil refiners such as Indian Oil, Bharat Petroleum and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the crude oil prices in the international markets, and the rupee-dollar exchange rates. Any changes in petrol and diesel prices are implemented with effect from 6 am every day.
India is 85 per cent dependent on imports to meet its oil needs and the domestic petrol and diesel prices are linked to international rates.
Brent crude futures for August nudged up 12 cents to $123.70 a barrel by 0033 GMT, while US West Texas Intermediate crude for July was at $122.17 a barrel, up 6 cents.
Despite hike in global crude oil prices, fuel prices in the country have been on a freeze for the past 18 days, which has led to oil marketing companies like Indian Oil, Hindustan Petroleum and Bharat Petroleum, reporting under-recoveries.
