Petrol and Diesel Rate Today: Have a look through this article to find out the Petrol and Diesel Rate Today, 4 August: Check rates of your cities.
On Friday, 4 August, the cost of petrol and diesel remained practically unchanged in New Delhi, Kolkata, Mumbai, and Chennai. Over the past few months, prices for petrol and diesel have been stable. Individual cities, however, experience daily pricing changes. State-by-state variations in the cost of fuel and diesel can be attributed to factors like Value Added Tax (VAT), freight costs, local levies, etc.
On May 21 of last year, Finance Minister Nirmala Sitharaman reduced the excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre, resulting in the latest nationwide adjustment of fuel prices. Since the national government dropped excise duty in May 2022, some states have also lowered the VAT on fuels, while others have imposed cess on petrol and diesel.
The Congress charged the Centre with profiteering on Sunday due to its constant levying of taxes on petrol and diesel. They exhort the Narendra Modi administration to provide to the populace the advantages of lower global crude oil prices. They contend that this would lessen the impact of “back-breaking inflation”. Jairam Ramesh, the general secretary (in charge of communications) for the Congress, said in Hindi that the Centre has the power to offer relief by lowering the price of petrol and diesel by Rs 25–30 per litre, in line with the tax rates under the previous UPA government, ending the ongoing profiteering.
In Delhi, the price of gasoline is currently Rs 96.72 a litre, while the price of diesel is Rs 89.62 per litre. Diesel costs Rs 94.27 per litre in Mumbai, while gasoline is demanded at a higher price of Rs 106.31 per litre. Diesel costs Rs 92.76 per litre in Kolkata, while the price of gasoline is Rs 106.31 per litre. Diesel can be purchased in Chennai for Rs 94.24 per litre while gasoline costs Rs 102.63 per litre.
• Petrol costs Rs. 101.94 per litre in Bengaluru, while diesel costs Rs. 87.89 per litre.
• Chandigarh’s gasoline and diesel prices are respectively Rs. 98.65 and Rs. 88.95 per litre.
• Petrol costs Rs. 102.63 per litre in Chennai, while diesel costs Rs. 94.24 per litre.
• Gurugram’s gasoline and diesel prices are respectively Rs. 97.04 and Rs. 89.91 per litre.
• Petrol prices in Kolkata are Rs. 106.03 per litre and Rs. 92.76 per litre for diesel.
• In Lucknow, the cost of gasoline is Rs. 96.57 a litre and that of diesel is Rs. 89.76.
• Petrol costs in Mumbai are Rs. 106.31 per litre and diesel costs Rs. 94.27 per litre.
• Petrol prices in New Delhi are Rs. 96.72 per litre and Rs. 89.62 per litre.
• In Noida, the cost of gasoline is Rs. 96.65 per litre and diesel is Rs. 89.82 per litre.
Oil Marketing Companies (OMCs) in the public sector, such as Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL), and Hindustan Petroleum Corporation Ltd (HPCL), regularly adjust their petrol and diesel prices in accordance with foreign exchange rates and benchmark pricing. Every day at six in the morning, any changes to the price of fuel and diesel go into effect. Oil Minister Hardeep Singh Puri stated a few months ago that “oil companies will be in a position to look at the issue of reducing petrol and diesel prices if the international crude cost remains stable and these firms have a good next quarter.”
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