Petrol, diesel prices remain steady on November 25; here’s how much it costs in Delhi, Mumbai, other cities

November 25,2022

In order to provide some relief to the consumers, the Centre had on May 21 cut the excise duty on petrol and diesel. Since then, there has been no revision in fuel prices and even on Friday, state-run oil marketing companies announced no change. Fuel prices have remained unchanged across major metro cities like Delhi, Mumbai, Kolkata, Bengaluru and Chennai for over six months now.

Union Finance Minister Nirmala Sitharaman had on May 21 announced an excise duty cut on petrol by Rs 8 per litre and Rs 6 per litre on diesel. Since May 22, there has been a petrol, diesel price freeze which resulted in massive losses for Indian OMCs for the quarter ended September 2022.

As per the latest update, petrol in Delhi costs Rs 96.72 per litre while diesel is retailing at Rs 89.62 per litre. The price of one litre of petrol in Mumbai is Rs 106.31 while that of diesel is Rs 94.27. Petrol in India’s Silicon Valley Bengaluru is priced at Rs 101.94 per litre while diesel costs Rs 87.89.

Petrol in Chennai is sold at Rs 102.63 per litre and diesel at Rs 94.24 per litre. In Kolkata, petrol costs Rs 106.03 per litre and per litre diesel price is Rs 92.76. In Uttar Pradesh’s capital city Lucknow, petrol costs Rs 96.62 per litre and diesel Rs 89.81 per litre.

Petrol price rise lowest in India

Union Petroleum Minister Hardeep Singh Puri on Thursday said that India has seen one of the lowest rises in prices of petrol and diesel as compared to other parts of the world due to the Modi government’s efficient measures and OMCs taking losses on them to keep rates lower.

In North America, petrol prices went up by 46 per cent in the last one year, while in India, it is up by only 2 per cent, the minister said.