Petrol and diesel price in Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, Chennai on August 18 – Times of India

Petrol and diesel prices in India held steady again for 89th day in a row on August 18, 2022, except in Maharashtra. On July 15, the Maharashtra government announced a Value-Added Tax (VAT) cut on petrol and diesel by Rs 5 per litre and Rs 3 per litre respectively. This move will cost the state exchequer Rs 6,000 crore annually. Fuel prices in other cities were left untouched by Oil Marketing Companies since Finance Minister Nirmala Sitharaman announced an excise duty cut on petrol by Rs 8 a litre and on diesel by Rs 6 a litre.
In Delhi, petrol price today is Rs 96.72 per litre as opposed to Rs 105.41 per litre earlier to the excise duty cut, while diesel price stands at Rs 89.62 per litre against Rs 96.67 per litre prior. Today, petrol price in Mumbai costs Rs 106.31 per litre, while diesel price in Mumbai is Rs 94.27 per litre.

City Petrol price (per litre) Diesel price (per litre)
Delhi Rs 96.72 Rs 89.62
Mumbai Rs 106.31 Rs 94.27
Bengaluru Rs 101.94 Rs 87.89
Chennai Rs 102.63 Rs 94.24
Kolkata Rs 106.03 Rs 92.76
Lucknow Rs 96.57 Rs 89.76
Hyderabad Rs 109.64 Rs 97.8
Noida Rs 96.65 Rs 89.82
Gurugram Rs 96.99 Rs 89.86
Chandigarh Rs 96.20 Rs 84.26

Public sector OMCs, such as Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) set the fuel prices daily according to international benchmark prices and foreign exchange rates. Retail petrol and diesel prices differ from state to state because of local taxes like VAT or freight charges.
Crude oil price
On Thursday morning, crude oil prices were down amid global recession fear. Brent crude futures were at $93.32 a barrel, while WTI Crude was at $87.71 a barrel, according to Reuters.

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