OIL & GAS

Petrol and diesel price today 18 March 2021: Rates remain unchanged; Check prices in Delhi, other cities here

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel remained unchanged once again. On March 18, the price of petrol and diesel across major cities was the same as yesterday, marking the eighteenth consecutive day on unchanged prices.

Nation Capital Delhi was quoting a petrol price of Rs 91.17 per litre while Diesel in the city was priced at Rs 81.47 per litre. Fuel prices were highest in Mumbai a Rs 97.57 per litre for Petrol. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices on a daily basis in line with benchmark international price and foreign exchange rates.

Mumbai’s petrol cost is the highest today at Rs 97.57 per litre while Diesel in the country’s financial capital costs Rs 88.60 per litre. This massive divergence in prices between Delhi and Mumbai is owing to different prices in different cities. Petrol and Diesel prices are fixed on the basis of freight charges, local taxes, and VAT. On Tuesday, the base price, paid by the dealer, was Rs 33.26 per litre, to this, freight charges of Rs 0.28 per litre were added.

Excise Duty on petrol in Delhi stood at Rs 32.90 per litre while the average dealer commission was at Rs 3.69 per litre. VAT charges on petrol stood at Rs 21.04 per litre. This adds up to the current price of Petrol in Delhi.

Source
financial express
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