Petrol Prices See Dip in UP, Fuel Becomes Costlier in Punjab; Check City-Wise Rates

Petrol, and Diesel Prices Today: There was no change to fuel prices in four major metro cities on Tuesday, April 25, 2023. Except for individual cases, petrol and diesel rates across the country have been steady since May 21 last year, when the previous pan-India revision was announced. However, many cities saw petrol prices above Rs 100 mark.

According to government oil companies, petrol has become costlier by 29 paise in Himachal, 24 paise in Punjab, and 62 paise in Jammu and Kashmir. Diesel has become costlier by 26 paise, 23 paise and 50 paise respectively at these places. At the same time, petrol-diesel has become cheaper by 25 paise in Uttar Pradesh. Petrol has become cheaper by 44 paise and diesel by 41 paise in West Bengal.

Petrol in Noida has gone up to Rs 96.58 and diesel to Rs 89.75 per litre. Rs 96.58 in Ghaziabad and Rs 89.75 per liter of diesel. Petrol in Lucknow has become Rs 96.57 and diesel Rs 89.76 per liter.

Whereas, petrol rates in Patna has become Rs 107.24 and diesel Rs 94.04 per liter. And, petrol has become Rs 84.10 and diesel Rs 79.74 per liter in Port Blair.

In India, oil marketing companies (OMCs) such as Indian Oil, Bharat Petroleum and Hindustan Petroleum determine petrol and diesel prices. This is done on a daily basis, and rates are determined in accordance with the price of crude oil throughout the world.

Why do fuel prices vary across states?

The rates for each day, whether new or unchanged, are announced at 6 am on the day. These, however, vary from state to state; this is due to criteria such as Value Added Tax (VAT), freight charges, local taxes, etc.

Petrol, and Diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on April 25, 2023

Crude Oil Price Today

Oil prices slipped in early trade on Tuesday, paring gains from the previous session, as investors weighed strong holiday travel in China that could boost fuel demand with the prospect of rising interest rates elsewhere slowing economic growth.

Read all the Latest Business News, Tax News and Stock Market Updates here