On Friday, the prices of petrol and diesel were unchanged across major cities, including the four metros, even as minor changes were observed in case of individual cities.

Representational Photo

Accordingly, one litre of petrol continues to retail for 106.31 in Mumbai, 106.03 in Kolkata, 102.63 in Chennai, and 96.72 in New Delhi, the national capital, according to the Goodreturns website. Diesel, on the other hand, is still available for 94.27, 92.76, 94.24, and 89.62 per litre, respectively, in the four cities.

City Petrol price (per litre) Diesel price (per litre)
Ahmedabad 96.42 92.17
Bengaluru 101.94 87.89
Chandigarh 96.20 84.26
Hyderabad 109.66 97.82
Jaipur 108.48 89.66
Lucknow 96.47 89.66
Noida 96.65 89.82

Who decides fuel prices in India?

Oil marketing companies (OMCs) – Bharat Petroleum, Hindustan Petroleum, Indian Oil – decide petrol and diesel prices. The OMCs review the rates on daily basis, a practice that began in June 2017. The rates, whether revised or unchanged, are announced at 6am each day.

Why fuel prices vary from state-to-state?

This is because of factors such as value-added tax (VAT), freight charges, local taxes, etc.

Fuel prices unchanged since May 21, 2022

Petrol and diesel prices have been largely uniform since May 21 last year, when the previous nationwide revision to fuel rates was made. Since then, changes have been made only once or twice, that too by individual states.



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