Petrol, diesel prices today: Fuel prices remained stable in four metros on April 17, 2022 for the 11th day in a row.
Fuel prices remained unchanged in four metros on Sunday, April 17, 2022 for the eleventh day in a row.
The last fuel price review was on April 6, when petrol and diesel prices were increased by 80 paise per litre. Between March 22 and April 6, petrol and diesel prices were increased 14 times, totaling Rs 10 per litre.
Here are the 2022 petrol, diesel price updates:
The retail price of petrol in Delhi was Rs 105.41 for 1 liter while the diesel price was ₹ 96.67.
In Mumbai, petrol costs EUR 120.51 per litre, while diesel costs EUR 104.77 per litre. Fuel sales prices in Mumbai are the highest of all four metro cities. The state levies value added tax (VAT), so the retail price of fuel varies from state to state.
Fuel prices remained unchanged for four months – between November 4, 2021 and March 22, 2022 – due to parliamentary elections scheduled in key states from January to March 2022.
Oil retailers will resume fuel tariff revisions on March 22, 2022.
State-run oil refineries revise rates daily based on the Dynamic Fuel Price Methodology, which is based on various factors such as international crude oil prices, the exchange rate of the rupee against the dollar, actual and projected demand and the flow of trade in global crude oil. markets.
In additional, centralized tax or excise, value-added tax (VAT) — which varies from state to state, and includes retailer commission to derive from the retail price of fuel — more than 57 percent of the retail fuel price per liter goes to taxes , duties, cess and dealer margins. So those costs include determining the final retail price of fuel at gas pumps.
Any changes in petrol and diesel prices will be implemented daily from 6am.
PTI reported on Thursday that petroleum minister Hardeep Singh Puri had urged states to cut VAT on petrol and diesel to ease consumers.