Petrol, diesel prices on June 12: Check latest rates in your city - Hindustan Times
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Petrol, diesel prices on June 12: Check latest rates in your city

By | Written by Ritu Maria Johny
Jun 12, 2023 10:17 AM IST

The last nationwide change in fuel rates was in 2022 when Finance Minister Nirmala Sitharaman cut excise duty by ₹8 and ₹6 per litre on petrol and diesel.

Fuel prices in India remained largely stagnant on Monday, maintaining the almost year-long stability in prices. New Delhi, Kolkata, Mumbai, and Chennai witnessed no changes in petrol and diesel rates. However, minor revisions were seen in other cities according to factors like Value Added Tax (VAT), freight charges, and local taxes.

Petrol and diesel rates went up in Punjab by 93 paise and 89 paise per litre, respectively, for retail customers on Sunday after the state government revised the value added tax (VAT) on fuel. (PTI)(HT_PRINT)
Petrol and diesel rates went up in Punjab by 93 paise and 89 paise per litre, respectively, for retail customers on Sunday after the state government revised the value added tax (VAT) on fuel. (PTI)(HT_PRINT)

Petrol and diesel rates went up in Punjab by 93 paise and 89 paise per litre, respectively, for retail customers on Sunday after the Aam Aadmi Party (AAP) government revised the value added tax (VAT) on fuel.

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Read: Punjab VAT hike blow to Mohali pump owners

With the increase in VAT, retail prices of petrol and diesel per litre in Ludhiana rose to 98.73 and 89.02 from 97.80 and 88.13, respectively, he said.

The last nationwide change in fuel rates was on 21 May, 2022 when Finance Minister Nirmala Sitharaman slashed excise duty by 8 per litre on petrol and 6 per litre on diesel.

Currently, petrol is priced at 96.72 per litre and diesel at 89.62 per litre in Delhi. In the financial capital of Mumbai, petrol costs slightly more at 106.31 per litre, with diesel following suit at 94.27 per litre. Petrol is available in Kolkata at 106.03 per litre and diesel at 92.76 per litre. In Chennai, petrol retails at 102.63 per litre, while diesel can be bought at 94.24 per litre.

Check rates in other cities as per Goodreturns website:

CityPetrol (Rs/litre)Diesel (Rs/litre)
Bengaluru101.9487.89
Gurugram96.9389.80
Lucknow96.5789.76
Noida96.7789.94
Chandigarh96.2084.26

Oil prices edged lower on Monday ahead of a Federal Reserve meeting as investors try to gauge the central bank's appetite for further rate hikes, while concerns about China's fuel demand growth and rising Russian crude supply weighed on the market.

Russian oil exports to China and India have grown despite the implementation of the European Union's embargo and the Group of Seven's price cap mechanism that started in early December.

(With inputs from Reuters)

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