Is there any change in fuel price?

Gasoline price on December 8: Public sector oil marketing companies (OMCs) such as Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) released their prices daily in line with global benchmark prices. Every day at 6 a.m., fuel prices are released. Gasoline and diesel costs vary from state to state, based on factors such as value added tax (VAT), freight charges, local taxes, etc.

India’s oil marketing organizations on Thursday announced the latest petrol and diesel prices, even as crude oil prices continued to fall in the international market. In contrast, Indian oil companies did not change the prices of petrol and diesel on Wednesday (December 8).

In India, the price of petrol and diesel has remained unchanged for the 200th 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 Thursday, 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 the excise duty 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.

Here you can get the cheapest petrol and diesel

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 price on December 8: (December 8, 2022)

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.

Gasoline prices on December 8: Find out the prices in your 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.

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