Petrol and Diesel prices, October 14, 2023

Regardless of whether they have changed or stayed the same, the prices of petrol and diesel are announced each day at 6 am. However, these costs differ between states as a result of things like value-added tax (VAT), shipping costs, and local taxes.

Take a look at the prices below:

• In Delhi, the cost of petrol stands at Rs 96.72 per litre as of October 14, while the cost of diesel is Rs 89.62 per litre.
• In Mumbai, price of petrol continued to be sold at Rs 106.31 for a litre, while diesel being sold at Rs 94.27 per litre.
• In Chennai, petrol will be sold at Rs 102.63, while diesel will be priced at Rs 94.24
• People in Bengaluru, will get charged Rs 101.94 for petrol and for diesel they have to pay Rs 87.89
• In Hyderabad, petrol stands at Rs 109.66 and diesel at Rs 97.82
• However, prices in Noida are a bit low, here petrol stands at Rs 96.65 and diesel at Rs 89.82

In India, the price of petrol and diesel is determined by a number of elements, including freight costs, value-added tax (VAT), and local taxes. Because of this, the rates vary from state to state.

Since May 2022, when the federal government and several states reduced fuel taxes, the fuel prices have remained the same.

Every day at 6 in the morning, Oil Marketing Companies (OMCs) adjust the retail price of fuel in accordance with the price of crude oil around the world. Government regulates fuel costs via excise tax, base pricing, and price caps.