Petrol and Diesel Rate Today, 28 April- Fuel prices largely steady; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Rate Today, 28 April: Fuel prices largely steady; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol and diesel prices were constant on Friday, 28 April across New Delhi, Kolkata, Mumbai, and Bengaluru. Petrol rates and diesel rates have been steady over the last ten months. However, individual cities see fluctuations in their prices everyday. The prices of petrol and diesel change state by state, depending upon various criteria such as Value Added Tax (VAT), freight charges, local taxes, etc. The last country-wide change in fuel rates was on 21 May last year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel. Since the cut of excise duty by the central government in May 2022, some states have also reduced VAT prices on fuels, while some have imposed cess on petrol and diesel.

Oil priceswere little changed on Friday but are set for their second weekly drop as disappointing economic data from the U.S., the world’s biggest crude user, and uncertainty on further interest rate hikes raised concerns about future fuel demand. Brent crudefutures for June were trading at $78.53 a barrel, up 16 cents, or 0.2%, as of 0156 GMT. That contract expires on Friday and the more active July contract was up 21 cents, or 0.3% at 78.43 a barrel. U.S. West Texas Intermediate (WTI) crude was up 23 cents, or 0.3%, at $74.99 a barrel.

Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, GurugramBengaluru: Petrol rate: Rs 101.94 per litre, Diesel rate: Rs 87.89 per litreChandigarh: Petrol rate: Rs 96.20 per litre, Diesel rate: Rs 84.26 per litreChennai: Petrol rate: Rs 102.73 per litre, Diesel rate: Rs 94.33 per litreGurugram: Petrol rate: Rs 96.85 per litre, Diesel rate: Rs 89.73 per litreKolkata: Petrol rate: Rs 106.03 per litre, Diesel rate: Rs 92.76 per litreLucknow: Petrol rate: Rs 96.57 per litre, Diesel rate: Rs 89.76 per litreMumbai: Petrol rate: Rs 106.31 per litre, Diesel rate: Rs 94.27 per litreNew Delhi: Petrol rate: Rs 96.72 per litre, Diesel rate: Rs 89.62 per litre

Public sector Oil Marketing Companies (OMCs) including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise their prices daily in line with international benchmark prices and forex rates. Any changes in petrol and diesel costs are implemented from 6 am every day. Oil Minister Hardeep Singh Puri recently asked OMCs to cut the retail prices of petrol and diesel if the crude oil prices in the international market come down and also if OMCs under recovery come down. OMCs incurred a loss of Rs 21,200 crore on account of selling petrol and diesel below the cost price.