PETROL AND DIESEL PRICES ON 25/07/2023 BY SRINIVAS CHOWDARY SUNKARA
India follows Dynamic Fuel Pricing system to control the cost of Petrol and Diesel. Auto Fuel prices are revised daily and the government has no control on pricing. The prices daily, whether changed or unchanged, are publicized every day. The cost varies from state-to-state due to Value Added Tax (VAT), local taxes, etc.
Crude oil is an unrefined oil from which petrol and diesel are refined. The prices of crude oil directly affect the prices of Petrol and Diesel in India.
PETROL AND DIESEL PRICES IN INDIA
PETROL PRICES IN INDIA TODAY
Petrol prices remained unchanged by India's Oil Marketing Companies (OMCs). Petrol in Delhi sells at Rs.96.72. In Kolkata, Petrol costs Rs.106.03. In Mumbai, Petrol is being sold at Rs.111.35. In Chennai, Petrol is being charged at Rs.102.63. In Hyderabad, Petrol is available at Rs.109.66.
DIESEL PRICES IN INDIA TODAY
Diesel prices were untouched by the Oil Marketing Companies (OMCs) in India. Diesel price in Delhi is quoted at Rs.89.62. In Kolkata, Diesel is priced at Rs.92.76. In Mumbai, Diesel is sold at Rs.97.28. In Chennai, Diesel is being purchased at Rs.94.24. In Hyderabad, Diesel is being sold at Rs.97.82.
Disclaimer: Views and opinions expressed here are personal. This commentary is for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed, or reproduced in part or whole without the prior written permission of petrobazaar.com