Petrol, diesel prices remain unchanged; check rates here

Updated : February 24, 2021 10:15 AM IST

In Delhi, petrol costs Rs 90.93 per litre and diesel is priced at Rs 81.32.

In Mumbai, petrol comes for Rs 97.34 a litre and diesel for Rs 88.44.

Petrol and diesel prices in the country remained unchanged on Wednesday, a day after the rates saw a rise of around 34-38 paise per litre.

In Delhi, petrol costs Rs 90.93 per litre and diesel is priced at Rs 81.32. In Mumbai, petrol comes for Rs 97.34 a litre and diesel for Rs 88.44.

The prices of petrol and diesel are reviewed by oil marketing companies such as state-run Indian Oil on a daily basis and any revision is implemented from 6 am in the morning.

The fuel prices vary from state to state in the country due to the value-added tax or VAT.

Petrol price has already surged past the Rs 100-mark in some places in Rajasthan and Madhya Pradesh, which levy the highest VAT on the fuel.

Amid the increasing rates, Rajasthan, Meghalaya, West Bengal and Assam have cut taxes on petrol and diesel.

Rajasthan was the first state to cut 2 percent VAT in January.

The highest relief amongst the states that have cut taxes is by Meghalaya which has cut Rs 7.10 per litre on diesel and Rs 7.40 per litre on petrol, followed by Assam which has cut Rs 5 additional tax on fuel.

Bengal has cut taxes by one rupee on both petrol and diesel.

The increase in fuel rates, which has been criticized by many, follows a spurt in oil prices in the international market, on which India is dependent to meet 85 percent of the needs.

Petrol, diesel prices remain unchanged; check rates here

You May Also Like

Closing Bell: Sensex rallied 1,030 points, Nifty at 14,982; Nifty Bank rallies 4%

Nifty Bank jumps over 1,400 points post FM Sitharaman's comment; all constituents in the green

Stock Market Highlights: Sensex ends over 1,000 points higher, Nifty above 14,950; Nifty Bank rallies 4%

Trending on CNBC-TV18

recommended for you