Petrol, Diesel Costs At the moment: Petrol and diesel costs remained unchanged within the nation on Wednesday, March 16. Petrol prices in cities comparable to New Delhi, Kolkata, Mumbai, Chennai, and Bangalore will stay fixed at this time. In Delhi, petrol prices Rs 95.41 a litre whereas the speed of diesel was Rs 86.67 per litre. In Mumbai, petrol will be purchased at Rs 109.98 per litre and diesel prices Rs 94.14 for one litre.
In Chennai, a litre of petrol is priced at Rs 101.40. On Tuesday, the value of a litre of diesel was Rs 91.43 per litre. Petrol in Kolkata prices Rs 104.67 per litre whereas diesel prices Rs 101.56 a litre.
It’s value mentioning that the costs have remained static for over 4 months regardless of worldwide crude oil costs having risen to greater than $100 a barrel as main crude producers pledged to plug the provision hole from the escalating Russia-Ukraine battle. Nonetheless, now there are speculations that gas costs may even see a considerable hike. There are probabilities that OMCs might improve city-wise costs quickly.
The Centre had on the eve of Diwali, introduced an excise obligation reduce on fuels leading to a pointy lower in petrol and diesel costs throughout the nation. The federal government had reduce the value of petrol by Rs 5 and that of diesel by Rs 10. Following this choice, a number of states, principally dominated by Nationwide Democratic Alliance (NDA) and allies have additionally reduce the Worth Added Tax (VAT) on petrol and diesel costs. Opposition-ruled Punjab and Rajasthan additionally adopted the cue to announce the largest discount in petrol costs.
Union Minister Hardeep Singh Puri on Monday knowledgeable the Rajya Sabha that 9 states, together with Maharashtra and Kerala, haven’t lowered VAT on petrol and diesel. The Petroleum and Pure Gasoline minister additionally knowledgeable the home that gas costs have gone up by over 50 per cent in lots of international locations however have remained secure and risen by a mere 5 per cent in India throughout the pandemic.
“All elected representatives ought to be rejoicing at the truth that the costs of petrol paid by the patron have remained regular throughout the interval from April 1, 2020 to March 31, 2021,” he informed the home.
On Monday, the minister of petroleum and pure fuel stated that India is able to take all applicable motion, as deemed match, for mitigating market volatility and calming the rise in crude oil costs.
Oil costs rose early on Wednesday, bouncing again after earlier falling greater than $1 a barrel, as Russia’s invasion of Ukraine continues to dominate risky buying and selling with ceasefire talks the newest market set off, information company Reuters reported. Brent futures have been up 83 cents, or 0.eight per cent, at $100.74 a barrel at 0120 GMT. U.S. West Texas Intermediate (WTI) crude rose 58 cents, or 0.6 per cent, at $97.02 a barrel. Each contracts had earlier declined greater than $1, with Brent falling to $98.86 a barrel and WTI easing to $94.90 a barrel.
Try the Petrol and Diesel Costs Throughout India on March 16, 2022
Petrol – Rs 109.98 per litre
Diesel – Rs 94.14 per litre
Petrol – Rs 95.41 per litre
Diesel – Rs 86.67 per litre
Petrol – Rs 101.40 per litre
Diesel – Rs 91.43 per litre
Petrol – Rs 104.67 per litre
Diesel – Rs 89.79 per litre
Petrol – Rs 107.23 per litre
Diesel – Rs 90.87 per litre
Petrol – Rs 108.20 per litre
Diesel – Rs 94.62 per litre
Petrol – Rs 100.58 per litre
Diesel – Rs 85.01 per litre