Friday, March 29, 2024
HomeBusinessPetrol, diesel prices on June 7: Check latest rates in your city

Petrol, diesel prices on June 7: Check latest rates in your city


Petrol and diesel prices in India remained stagnant on Wednesday continuing the ten-month long price stability. In Mumbai, petrol is currently being sold at 106.31 per litre, whereas the price of diesel in the city is 94.27 per litre. In the national capital petrol and diesel prices retail at 96.72 and 89.62 per litre, respectively.

Representative image.
Representative image.

Oil Marketing Companies revise the fuel prices based on the most recent market trends every morning at 6am. The fuel prices are not controlled by the government. The OMCs need to adjust their prices. The Central government regulates fuel prices through excise duty, base prices and cap prices.

While the Centre collects excise duty, the states collect VAT. The VAT is different for each state and hence the pricing.



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments