ADVERTISEMENT
Daily Expert News
No Result
View All Result
Tuesday, August 9, 2022
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Daily Expert News
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
No Result
View All Result
Daily Expert News
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
ADVERTISEMENT
Home Economy

Petrol and diesel prices fall sharply after excise tax cut; Check fuel rates today

by Nick Erickson
June 7, 2022
in Economy
125 8
0
Petrol and diesel cut in Delhi, Mumbai: check fuel rates after excise cut
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


Petrol and Diesel Price on Tuesday: Petrol and diesel prices were held unchanged by the OMCs on Tuesday for the sixteenth day in a row. Prices have remained stable since Finance Minister Nirmala Sitharaman announced earlier in May a cut in excise tax on petrol by 8 per liter and 6 rupees per liter on diesel.

The price of petrol in Delhi stands at Rs 96.72 per liter while that of diesel is at Rs 89.62. In Mumbai, petrol currently costs Rs 111.35 while diesel is sold for Rs 97.28, data available on Indian Oil Corporation’s website shows. On the other hand, the petrol price in Kolkata today stood at Rs 106.03 after the tax cut while the diesel prices in the city stood at Rs 92.76 per litre. Elsewhere in the country, petrol cost Rs 102.63 per litre, while diesel cost Rs 94.24 per litre.

In Gandhinagar, the price of petrol was Rs 96.63 per liter and diesel at Rs 92.38 per liter. In Guwahati, the petrol price per liter was Rs 96.01 and diesel at Rs 83.94. In Lucknow, petrol was sold for Rs 96.57 per liter and diesel for Rs 89.76 per litre. In Thiruvananthapuram, gasoline cost Rs 107.71 per liter and diesel Rs 96.52 per litre.

This comes on the heels of the Center’s order for a tax cut, which resulted in a drop in gasoline prices and a drop in diesel prices, bringing relief to the common man who was reeling under the pressure of inflation. Finance Minister Nirmala Sitharaman announced last month a tax cut on petrol and diesel at a record Rs 8 per liter and on diesel at Rs 6 per liter respectively as fuel prices hit record highs.

Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) review fuel prices daily in line with international benchmark prices and exchange rates. Any changes in petrol and diesel prices will be implemented daily from 6am. Retail prices for gasoline and diesel vary from state to state due to local taxes such as VAT or freight charges. Following the central government’s decision to lower excise duties, several state governments have lowered VAT on petrol and diesel.

Oil prices rose higher on Tuesday on the expected recovery in demand in China as it eased severe COVID restrictions and doubts a higher production target by OPEC+ producers would ease tight supply. Brent oil futures were up 19 cents, or 0.2%, to $119.70 barrel at 0050 GMT.

Petrol, diesel prices on Tuesday, June 7 in Delhi, Chennai and other major cities in India:

Delhi

Gasoline: Rs 96.72 per litre

Diesel: Rs 89.62 per liter

Mumbai

Gasoline: Rs 111.35 per litre

Diesel: Rs 97.28 per litre

Kolkata

Gasoline: Rs 106.03 per litre

Diesel: Rs 92.76 per liter

Chennai

Gasoline: Rs 102.63 per litre

Diesel: Rs 94.24 per liter

Bhopal

Gasoline: Rs 108.65 per litre

Diesel: Rs 93.90 per liter

Hyderabad

Gasoline: Rs 109.66 per litre

Diesel: Rs 97.82 per liter

Bengaluru

Gasoline: Rs 101.94 per litre

Diesel: Rs 87.89 per litre

Guwahati

Gasoline: Rs 96.01 per liter

Diesel: Rs 83.94 per liter

Lucknow

Gasoline: Rs 96.57 per litre

Diesel: Rs 89.76 per liter

Gandhinagar

Gasoline: Rs 96.63 per litre

Diesel: Rs 92.38 per liter

Thiruvananthapuram

Gasoline: Rs 107.71 per litre

Diesel: Rs 96.52 per litre.

Read all the latest news, breaking news and IPL 2022 Live Updates here.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Tags: CheckcutDailyExpertNewsdieselexcisefallfuelPetrolpricesRatessharplyTaxToday

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
ADVERTISEMENT

Related Posts

IT shares rise 14% as board of directors considers issuance of bonus shares next week; Do you own?
Economy

IT shares rise 14% as board of directors considers issuance of bonus shares next week; Do you own?

August 3, 2022
GST rules for cash withdrawals, IC beds and crematoria? FM Sitharaman clarified
Tax News

GST rules for cash withdrawals, IC beds and crematoria? FM Sitharaman clarified

August 3, 2022
SpiceJet flies over 16% as Ajay Singh explores the possibility of a partial sale of shares
Economy

SpiceJet flies over 16% as Ajay Singh explores the possibility of a partial sale of shares

August 3, 2022
Zomato shares fall for second day, tank more than 8% today; What is driving the sale?
Economy

Zomato Shares Recover After 10% Dip on Multiple Block Deal Reports

August 3, 2022
Top picks as convenient quality stocks trade at a discount ahead of Q1 earnings season
Economy

Stocks to watch today: Voltas, Lupine, InterGlobe Aviation, Vodafone Idea and others

August 3, 2022
Zomato Share Sale: Big Block Deal at Company Likely Tomorrow, Seller Name Not Revealed
Economy

Zomato Share Sale: Big Block Deal at Company Likely Tomorrow, Seller Name Not Revealed

August 2, 2022
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
This optical illusion has a revelation about your brain and eyes

This optical illusion has a revelation about your brain and eyes

June 6, 2022
NDTV Coronavirus

Viral video: Chinese woman pinned down, Covid test carried out by force

May 5, 2022
Hundreds In Sarees At UK

Hundreds of sarees at Britain’s Royal Ascot Horse Race to help Indian weavers

June 16, 2022
Sabrina's parents love her. But the meltdowns are too many.

Sabrina’s parents love her. But the meltdowns are too many.

June 1, 2022
Skyrocketing global fuel prices threaten livelihoods and social stability

Skyrocketing global fuel prices threaten livelihoods and social stability

1

Hello world!

0
NDTV News

IT startup Fareye aims to change Unicorn within a year, founder says

0
How did Stephanie Murphy, a holdout on Biden's agenda, help save it?

How did Stephanie Murphy, a holdout on Biden’s agenda, help save it?

0
Anxious New Yorkers worry about Eric Adams being the man for the moment

Anxious New Yorkers worry about Eric Adams being the man for the moment

August 9, 2022
An ancient horse's tooth helps prove the Spanish ancestry of these wild horses

An ancient horse’s tooth helps prove the Spanish ancestry of these wild horses

August 9, 2022
Soccer-Man Utd Face Villa, Leicester host Watford in FA Cup third round

Rakshabandhan Gifting Guide: Treat your siblings by choosing from countless of these gift options.

August 9, 2022
Ashton Kutcher Says He Battled Vasculitis: Here

Ashton Kutcher says he battled vasculitis: here’s what it is in 5 points

August 9, 2022

Recent News

Anxious New Yorkers worry about Eric Adams being the man for the moment

Anxious New Yorkers worry about Eric Adams being the man for the moment

August 9, 2022
An ancient horse's tooth helps prove the Spanish ancestry of these wild horses

An ancient horse’s tooth helps prove the Spanish ancestry of these wild horses

August 9, 2022

Categories

  • Africa
  • Americas
  • art-design
  • Arts
  • Asia Pacific
  • Astrology News
  • books
  • Books News
  • Business
  • Cricket
  • Cryptocurrency
  • Dance
  • Dining and Wine
  • Economy
  • Education & Career
  • Europe
  • Fashion
  • Food
  • Football
  • Gadget
  • Gaming
  • Golf
  • Health
  • Hot News
  • India
  • Indians Abroad
  • Lifestyle
  • Markets
  • Middle East
  • Most Shared
  • Motorsport
  • Movie
  • Music
  • New York
  • Opinion
  • Politics
  • press release
  • Real Estate
  • Review
  • Science & Space
  • Sports
  • Sunday Book Review
  • Tax News
  • Technology
  • Television
  • Tennis
  • Theater
  • Top Movie Reviews
  • Top Stories
  • Travel
  • Uncategorized
  • Web Series
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links

We bring you the Breaking News,Latest Stories,World News, Business News, Political News, Technology News, Science News, Entertainment News, Sports News, Opinion News and much more from all over the world

©Copyright DailyExpertNews 2022

No Result
View All Result
  • Contact Us
  • Home
  • Top Stories
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • India
  • Education & Career
  • Arts
  • Advertisement
  • Tax News
  • Markets

©Copyright DailyExpertNews 2022

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.