Petrol and Diesel Rate Today, 4 January: Fuel prices unchanged; Check prices in Delhi, Mumbai, other cities
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices remain unchanged on 4 January 2023 (Wednesday), keeping costs steady for about seven months now. In Mumbai, petrol is retailing at Rs 106.31 per litre, and diesel is selling at Rs 94.27 per litre. In the National Capital, petrol price is priced at Rs 96.72, while diesel is retailing at Rs 89.62 per litre, respectively. The last country-wide change in fuel rates was on 21 May last year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.
Since the cut of excise duty by the central government, some states have also reduced VAT prices on fuels. Fuel prices are revised in line with international benchmark prices and foreign exchange rates by public sector oil marketing companies (OMCs) including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL). Differences in Value Added Tax (VAT), freight charges, the local taxes, etc. from state to state, affect petrol and diesel prices in different cities. Any changes in petrol and diesel costs are implemented from 6 am every day.
