Maintaining the ongoing steady trend, the prices of diesel and petrol were quoted at ₹89.62 and ₹96.72 per litere respectively, in Delhi.In India, the cost of petrol and diesel has been on a steady upward trend for more than a year. The most recent change took place around May 2022. Although these prices vary from state to state, other geographical variables, including freight costs, municipal taxes, value-added tax (VAT), and others, also play a role in these variations.What leads to price changesThe government of India has the authority to regulate gasoline pricing, which is impacted by things like excise duty, base prices, and cap prices. Fuel costs may vary because of the different VAT rates that are different for each state.Latest pricesAccording to the daily price update issued by oil marketing organisations, the cost of petrol and diesel in key cities like New Delhi, Kolkata, Mumbai, and Chennai has not changed.CITYPETROL (RS/LITER)DIESEL (RS/LITER) NEW DELHI ₹ 96.72 ₹ 89.62 KOLKATA₹ 106.03₹ 1,92.76 MUMBAI₹ 106.31₹ 94.27 CHENNAI₹ 102.74₹ 94.33
