Gasoline and diesel prices today: see the latest fuel prices in major cities here

0

Petrol and diesel prices continued to be frozen for the third month and remained stable on July 17, 2022 outside Maharashtra after reduction in Value Added Tax (VAT).

Maharashtra Chief Minister Eknath Shinde on Thursday announced that the state government would reduce value added tax (VAT) on petrol and diesel by 5 and 3 per liter respectively.

This was done in a bid to relieve the people of Maharashtra from soaring fuel prices.

Maharashtra Deputy Chief Minister Devendra Fadnavis said the decision is part of the Shiv Sena-BJP government’s commitment to the welfare of the people.

Check fuel prices in major cities:

In Mumbai, following the reduction in VAT, gasoline is now available at 106.35 per liter instead of the previous price of 111.35 while diesel will be available at 94.28 per liter instead of the previous price of 97.28.

The price of gasoline in Delhi is still 96.72 per liter from 105.41 per liter before the reduction in excise duty, and the price of diesel is 89.62 per liter against its previous price of 96.67.

Gasoline price in Chennai is 102.63 per liter and the price of diesel today stands at 94.24 per liter.

In Kolkata, gasoline sells for 106.03 per liter and diesel at 92.76 per liter.

The price of petrol in Bangalore is 101.94 and diesel is 87.89 per liter.

In Hyderabad, gasoline and diesel prices are 109.66 and 97.82 per liter respectively.

Earlier this year in April, Prime Minister Narendra Modi said central and state governments should work in tandem, while reiterating the theme of cooperative federalism and also calling on states that have not followed the reduction excise duties on petrol and diesel. by the Center in November with a lower value added tax (VAT) to do so. Prime Minister Modi has pointed out that the high petrol and diesel taxes in these states – almost all of them run by the opposition – are an injustice to the people.

Meanwhile, jet fuel prices were also slashed 2.2% by the Petroleum Marketing Companies (CMOs), as Brent prices continued to correct on growing pessimism about slowing growth.

The price of jet fuel (ATF) – the fuel that helps planes fly – has been reduced by 3,084.94 per kilolitre, i.e. 2.2%, at 138,147.93 per kl, showed price notification from state run fuel retailers. The revised price is for local airlines.

In Delhi, the price of ATF has been reduced to 138,147.95/kl and in Mumbai the fare has been reduced to 137,095.74/kg.

This is only the second reduction in jet fuel rates this year. Prices peaked at 141,232.87 per kg ( 141.23 per litre) in June.

Prices also differ from state to state, depending on the incidence of local taxation. ATF prices are revised on the 1st and 16th of each month based on the international oil reference rates of the previous fortnight. There was no rate change on July 1.

Catch all the trade news, market news, breaking events and the latest updates on Live Mint. Download the Mint News app to get daily market updates.

More less

To subscribe to Mint Bulletins

* Enter a valid email

* Thank you for subscribing to our newsletter.

Share.

Comments are closed.