Again, it is a big relief for the common people in the inflationary period when the prices of all items go up, the prices of petrol and diesel remain stable. Public sector oil marketing companies (OMCs) such as Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) published their prices daily in line with the following global benchmark prices.
249th day in a row
In India, the price of petrol and diesel remains unchanged for the 249th day. As a result, some relief has been experienced for the public in terms of inflation.
The price of crude oil has fallen on the world market. The price of WTI crude oil fell to $78 per barrel, while the price of Brent crude oil is currently at $85 per barrel.
On Wednesday, petrol price in Mumbai was Rs 106.31, Kolkata Rs 106.03, New Delhi Rs 96.72 and Chennai Rs 102.63. Again, this is a relief for common people.
International market impact
In the international market, the price of crude oil has been falling continuously in recent days. The price of WTI crude oil per barrel fell to $85.61, and the price of Brent crude oil fell to $91.63 per barrel.
The government reduced the excise tax on May 21. The excise duty on petrol has been reduced by Rs 8 per liter and on diesel by Rs 6 per litre. Since then, the price of gasoline and diesel has decreased. After that, diesel became cheaper by Rs 9.50 and Rs 7 per liter in the country. After the Centre’s announcement, the governments of Rajasthan, Maharashtra, Odisha and Kerala also reduced VAT.
Currently, petrol price in Delhi is Rs 96.72 per liter and diesel price is Rs 89.62 per litre. At the same time, petrol fetches Rs 106.31 and diesel Rs 94.27 per liter in Mumbai. While petrol in Kolkata is Rs 106.03 and diesel is Rs 92.76 per litre. In contrast, in Chennai, petrol is available at Rs 102.63 and diesel at Rs 94.24.
Get the cheapest gasoline, diesel prices on February 1, 2023
The cheapest petrol and diesel are sold in Port Blair. Where petrol is Rs 84.10 per liter and diesel is Rs 79.74 per litre.
Gasoline and diesel prices February 1, 2023
Delhi: Petrol at Rs 96.72 and diesel at Rs 89.62 per litre.
Mumbai: Petrol at Rs 106.31 and diesel at Rs 94.27 per litre.
Kolkata: Petrol at Rs 106.03 and diesel at Rs 92.76 per litre.
Chennai: Petrol at Rs 102.63 and diesel at Rs 94.24 per litre.
Hyderabad: Petrol at Rs 109.66 and diesel at Rs 97.82 per litre.
Bangalore: Petrol at Rs 101.94 and diesel at Rs 87.89 per litre.
Thiruvananthapuram: Petrol at Rs 107.71 and diesel at Rs 96.52 per litre.
Port Blair: Petrol at Rs 84.10 and diesel at Rs 79.74 per litre.
Bhubaneswar: Petrol at Rs 103.19 and diesel at Rs 94.76 per litre.
Chandigarh: Petrol at Rs 96.20 and diesel at Rs 84.26 per litre.
Lucknow: Petrol at Rs 96.57 and diesel at Rs 89.76 per litre.
Noida: Petrol at Rs 96.57 and diesel at Rs 89.96 per litre.
Jaipur: Petrol at Rs 108.48 and diesel at Rs 93.72 per litre.
Patna: Petrol at Rs 107.24 and diesel at Rs 94.04 per litre
Gurugram: Rs 97.18 and diesel at Rs 90.05 per litre.
Reasons affecting the price of gasoline and diesel
After adding excise duty, dealer’s commission and others to the price of petrol and diesel, the price almost doubles. The price of petrol and diesel varies daily in the international market based on the price of crude oil and foreign exchange rates.
Find out the prices in the city
We would like to inform you that the price of petrol and diesel varies daily and is updated at 6 o’clock in the morning. You can also find out the daily price of gasoline and diesel by SMS. Indian Oil customers can get information by sending city code along with RSP to 9224992249 and BPCL customers text RSP to 9223112222. However, HPCL consumers can know the price by texting HP Price to 9222201122.