Petrol, Diesel Prices on March 12: Fuel rates remain stable; Check rates in metro cities
Zee News
Petrol costs Rs 95.41 per litre in Delhi, while diesel costs Rs 86.67 per litre.
New Delhi: Petrol and diesel prices in several metro areas have stayed stable today. Petrol prices in New Delhi, Kolkata, Mumbai, Chennai, and Bangalore would remain constant today. Domestic motor gasoline prices have not changed in over four months, despite global crude oil prices breaking the three-figure threshold and reaching multi-year highs. However, now there are rumours that petrol prices could jump by Rs 12 to Rs 15 per litre. There is a risk that OMCs will raise their fees soon.
Petrol costs Rs 95.41 per litre in Delhi, while diesel costs Rs 86.67 per litre. Petrol costs Rs 109.98 per litre in Mumbai, while diesel costs Rs 94.14 per litre.
Meanwhile, petrol costs Rs 104.67 per litre in Kolkata, while diesel costs Rs 101.56 per litre. The price of petrol in Chennai today has stayed constant at Rs 101.40 per litre, while the price of diesel has remained constant at Rs 91.43 per litre.
Prices in major cities were last collectively changed on November 4, 2021, when the central government reduced excise duty on two important fuels to bring retail rates down from record highs and requested state governments to reduce VAT on gasoline. Following that, other states cut the VAT on automobile fuels.
Petrol and fuel costs in the country vary by state due to local taxation (VAT) and freight charges. Aside from that, the central government levies an excise levy on automobile fuels.
