Domestic prices for gasoline and diesel vary from state to state due to value added tax (VAT).
Gasoline and Diesel Prices Today: There was no change in gasoline and diesel prices on the four subways on Monday February 22. In Delhi, the price of gasoline was constant at Rs 90.58 per liter and diesel was intact at Rs 80.97 per liter, according to the Indian Oil Corporation, the country’s largest fuel retailer. Meanwhile, in Mumbai, gasoline and diesel prices were Rs 97.00 per liter and Rs 88.06 per liter respectively. Currently, fuel prices are the highest in Mumbai, among the four metropolitan cities. (Read also: How to check the latest gasoline and diesel prices in your city)
Here are the current gasoline and diesel prices (in rupees per liter):
| City | Gasoline | Diesel |
|---|---|---|
| Delhi | 90.58 | 80.97 |
| Bombay | 97.00 | 88.06 |
| Chennai | 92.59 | 85.98 |
| Calcutta | 91.78 | 84.56 |
| Source: Indian oil | ||
Gasoline and diesel prices have been on the rise since January 6, 2021, after remaining unchanged for nearly a month. Fuel prices have risen amid a surge in global crude oil prices, with coronavirus vaccination campaigns across the world.
Oil marketing companies – Bharat Petroleum, Indian Oil Corporation, as well as Hindustan Petroleum align domestic fuel prices with global benchmarks, taking into account any changes in exchange rates. Any change in fuel prices is implemented from 6 am every day.
Meanwhile, oil prices rose on Monday as the slow return of U.S. crude production that was cut off by freezing conditions raised supply concerns as demand returns from the depths of the pandemic of coronavirus.
Brent was up 76 cents, or 1.2%, at $ 61.67 a barrel at 0104 GMT, after gaining nearly 1% last week. US oil rose 74 cents, or 1.3%, to $ 59.98 a barrel, after falling 0.4% last week.
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