On February 17, no significant changes in petrol and diesel prices were observed.
Since May 21 of last year, when the central government last decreased the excise duty on petrol and diesel by Rs. 8 and Rs. 6, respectively, the prices have not witnessed a major fluctuation.
It is anticipated that it would take some time until the nation’s oil marketing companies (OMCs) adopt a change that is applicable across the entire country given the stability of fuel prices over the past several months.
At the moment, petrol prices have breached the Rs 100 limit in metro cities including Mumbai, Hyderabad, Chennai, and Kolkata.
The price of petrol in Delhi on February 17 was set at Rs 96.72 per litre and the price of diesel at Rs 89.62, according to the most recent update for the two major fuels.
A litre of petrol costs Rs 106.31 and a litre of diesel costs Rs 94.27 in Mumbai, the financial hub of the nation. In Chennai, a litre of petrol would cost consumers Rs 102.73 and a litre of diesel would cost Rs 94.33. In Kolkata, the cost of diesel is Rs 92.76, while the petrol price is Rs 106.03.
Check fuel rates in different cities in the country on Friday, February 17:
Delhi
Petrol: Rs 96.72 per litre
Diesel: Rs 89.62 per litre
Chennai
Petrol: Rs 102.73 per litre
Diesel: Rs 94.33 per litre
Kolkata
Petrol: Rs 106.03 per litre
Diesel: Rs 92.76 per litre
Mumbai
Petrol: Rs 106.31 per litre
Diesel: Rs 94.27 per litre
Bengaluru
Petrol: Rs 101.94 per litre
Diesel: Rs 87.89 per litre
Lucknow
Petrol: Rs 96.62 per litre
Diesel: Rs 89.76 per litre
Hyderabad
Petrol: Rs 109.66 per litre
Diesel: Rs 97.82 per litre
Bhopal
Petrol: Rs 108.65 per litre
Diesel: Rs 93.90 per litre
Gandhinagar
Petrol: Rs 96.63 per litre
Diesel: Rs 92.38 per litre
Guwahati
Petrol: Rs 96.01 per litre
Diesel: Rs 83.94 per litre
Thiruvananthapuram
Petrol: Rs 107.71 per litre
Diesel: Rs 96.52 per litre.
Several variables affect the cost of fuel in India. The rise in global crude oil prices, the reduction in the valuation of the Indian rupee relative to the US dollar, and taxes imposed by the central and state governments are some of the key factors influencing the price of petrol and diesel.
Each day at 6 in the morning, any price changes for diesel and gasoline are announced.
Value Added Tax (VAT), freight costs, municipal taxes, and other variables, among others, all have an impact on state-to-state variances in fuel pricing.
Public sector oil marketing companies like Bharat Petroleum Corporation Ltd, Indian Oil Corporation Ltd, and Hindustan Petroleum Corporation Ltd are in charge of setting the daily price modifications.
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