Petrol, Diesel Prices Monday: Oil Marketing Companies (OMCs) have retained this petrol prices and Diesel on Monday, May 30, 2022. Petrol and diesel prices saw a sharp reduction last week when Finance Minister Nirmala Sitharaman announced that the central government led by the Prime Minister Narendra Modi decided to reduce excise duty on petrol And diesel given its exorbitant prices. price of petrol 96.72 per liter in Delhi and Rs 111.35 per liter in Mumbai, while diesel was being sold at Rs 89.62 per liter in Delhi and Rs 97.28 per liter in Mumbai.
After the reduction in excise duty, the price of petrol in Kolkata has gone up to Rs 106.03 per liter, while the price of diesel is now Rs 92.76 per litre. In Chennai, petrol was being sold at Rs 102.63 per liter and diesel at Rs 94.24 per liter on Sunday.
On May 21, the central government had cut excise duty on petrol by Rs 8 per liter and on diesel by Rs 6 per liter. The cut was estimated to have translated into a reduction of Rs 9.5 per liter in petrol prices and Rs 7 per liter in diesel, taking into account its impact on other duties. After this, many state governments including Kerala, Maharashtra and Rajasthan also cut VAT on petrol and diesel, which further reduced the rates in those states.
Companies such as Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd. and Hindustan Petroleum Corporation Ltd. set fuel prices every day after factoring in various vectors such as VAT (value added tax), freight charges, local tax and international rates of fuel excise duty. Huh. duty, among others.
Oil prices rose to a two-month high on Monday as traders waited to see if the European Union would agree on imposing sanctions on Russian oil ahead of a meeting on the sixth package of sanctions against Moscow for its invasion of Ukraine. agreement will be reached. Brent crude futures rose 46 cents, or 0.4 per cent, to $119.89 a barrel by 0111 GMT, while US West Texas Intermediate (WTI) crude futures jumped 60 cents, or 0.5 per cent, to $115.67 a barrel, extending solid gains from the previous week. Is. ,
Petrol, Diesel Prices as on Monday, May 30 in Delhi, Mumbai, Chennai, Kolkata and other major cities of India:
Delhi
Petrol: Rs 96.72 per liter
Diesel: Rs 89.62 per liter
Mumbai
Petrol: Rs 111.35 per liter
Diesel: Rs 97.28 per liter
Kolkata
Petrol: Rs 106.03 per liter
Diesel: Rs 92.76 per liter
Chennai
Petrol: Rs 102.63 per liter
Diesel: Rs 94.24 per liter
Bhopal
Petrol: Rs 108.65 per liter
Diesel: Rs 93.90 per liter
Hyderabad
Petrol: Rs 109.66 per liter
Diesel: Rs 97.82 per liter
Bangalore
Petrol: Rs 101.94 per liter
Diesel: Rs 87.89 per liter
Guwahati
Petrol: Rs 96.01 per liter
Diesel: Rs 83.94 per liter
Lucknow
Petrol: Rs 96.57 per liter
Diesel: Rs 89.76 per liter
Gandhinagar
Petrol: Rs 96.63 per liter
Diesel: Rs 92.38 per liter
Thiruvananthapuram
Petrol: Rs 107.71 per liter
Diesel: Rs 96.52 per liter
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