Latest Petrol and Diesel Prices on August 9: Find Rates in Your City
Stay updated with the latest petrol and diesel prices on August 9th. Find the current rates in your city for informed decision-making.
Steady Fuel Prices Continue: Petrol at ₹96.72/Litre and Diesel at ₹89.62/Litre in Delhi
In the capital city of Delhi, the prices of petrol and diesel held firm at ₹96.72 and ₹89.62 per litre, respectively, as of Wednesday.
Petrol and diesel prices have demonstrated sustained stability for over a year now, with the latest revision in rates occurring in May 2022. While these rates may exhibit variation across different states, they are influenced by a range of factors including local taxes, value-added tax (VAT), freight charges, and other pertinent considerations.
According to the daily 6 am price update provided by oil marketing companies, prominent cities including New Delhi, Kolkata, Mumbai, and Chennai have observed no alterations in petrol and diesel prices. This update has been reported by the Goodreturns website, highlighting the consistency in fuel prices across these major urban centres.
| New Delhi | Petrol - ₹96.72 per litre | Diesel - ₹89.62 per litre |
| Kolkata | Petrol - ₹106.03 per litre | Diesel - ₹92.76 per litre |
| Mumbai | Petrol - ₹106.31 per litre | Diesel - ₹94.27 per litre |
| Chennai | Petrol - ₹102.74 per litre | Diesel - ₹94.33 per litre |
Fuel Pricing in India Governed by Central Government Regulations
The intricate pricing mechanism of fuel in India falls squarely within the regulatory domain of the central government. This multifaceted process is shaped by a convergence of critical factors, chief among them being excise duty, base prices, and cap prices.
The pivotal role of excise duty collection is undertaken by the central government, while the responsibility of Value Added Tax (VAT) collection is vested in individual states. This decentralized approach results in varied VAT rates across states, leading to potential fluctuations in fuel prices that mirror these regional differences.
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