Petrol, Diesel Prices Today: Petrol and diesel costs remained unchanged within the nation on Wednesday, March 16. Petrol costs in cities equivalent to New Delhi, Kolkata, Mumbai, Chennai, and Bangalore will stay fixed as we speak. In Delhi, petrol prices Rs 95.41 a liter whereas the speed of diesel was Rs 86.67 per litre. In Mumbai, petrol may be purchased at Rs 109.98 per liter and diesel prices Rs 94.14 for one litre.
In Chennai, a liter of petrol is priced at Rs 101.40. On Tuesday, the worth of a liter of diesel was Rs 91.43 per litre. Petrol in Kolkata prices Rs 104.67 per liter whereas diesel prices Rs 101.56 a litre.
It is price 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. However, now there are speculations that gas costs might even see a considerable hike. There are possibilities that OMCs could enhance city-wise costs quickly.
The Center had on the eve of Diwali, introduced an excise responsibility minimize on fuels leading to a pointy lower in petrol and diesel costs throughout the nation. The authorities had minimize the worth of petrol by Rs 5 and that of diesel by Rs 10. Following this resolution, a number of states, largely dominated by National Democratic Alliance (NDA) and allies have additionally minimize the Value Added Tax (VAT) on petrol and diesel costs. Opposition-ruled Punjab and Rajasthan additionally adopted the cue to announce the most important 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 Natural Gas minister additionally knowledgeable the home that gas costs have gone up by over 50 per cent in lots of nations however have remained steady and risen by a mere 5 per cent in India through the pandemic.
“All elected representatives should be rejoicing at the fact that the prices of petrol paid by the consumer have remained steady during the period from April 1, 2020 to March 31, 2021,” he advised the home.
On Monday, the minister of petroleum and pure fuel stated that India is able to take all acceptable 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 unstable buying and selling with ceasefire talks the most recent market set off, information company Reuters reported. Brent futures have been up 83 cents, or 0.8 per cent, at $100.74 a barrel at 0120 GMT. US West Texas Intermediate (WTI) crude rose 58 cents, or 0.6 per cent, at $97.02 a barrel. Both contracts had earlier declined greater than $1, with Brent falling to $98.86 a barrel and WTI easing to $94.90 a barrel.
Check out the Petrol and Diesel Prices Across India on March 16, 2022
Petrol – Rs 109.98 per liter
Diesel – Rs 94.14 per liter
Petrol – Rs 95.41 per liter
Diesel – Rs 86.67 per liter
Petrol – Rs 101.40 per liter
Diesel – Rs 91.43 per liter
Petrol – Rs 104.67 per liter
Diesel – Rs 89.79 per liter
Petrol – Rs 107.23 per liter
Diesel – Rs 90.87 per liter
Petrol – Rs 108.20 per liter
Diesel – Rs 94.62 per liter
Petrol – Rs 100.58 per liter
Diesel – Rs 85.01 per liter