NEW DELHI: Oil advertising and marketing corporations (OMCs) in India largely saved petrol and diesel costs unchanged for Saturday. Whereas there have been minor adjustments in petrol costs, diesel in some cities together with Delhi and Mumbai noticed no change.
Costs have remained unchanged since Could 21 when the Centre had slashed excise duties on petrol by ₹8 per litre and on diesel by ₹6 per litre.
On Friday, the December contract of Brent on the Intercontinental Change closed at $93.50 per barrel, larger by 1.21%. U.S. West Texas Intermediate crude (WTI) settled at $85.05 a barrel, 0.6%. Each benchmarks dropped within the earlier week.
State-owned oil advertising and marketing corporations (OMCs) in India have misplaced an estimated $6.5 billion to $7 billion on petrol and diesel gross sales due to a freeze on retail gasoline costs between November 2021 and August 2022, Moody’s Traders Companies stated just lately. Their earnings could also be weak this yr as they’re but to be compensated for these losses, it added.
In the meantime, the charges unchanged since Could 21 when the Centre slashed excise duties on petrol by ₹8 per litre and on diesel by ₹6 per litre.
Right here is the worth of petrol and diesel immediately, i.e. October 22, 2022 in your metropolis:
1. Delhi: Petrol- ₹96.72 per litre, Diesel- ₹89.62 per litre
2. Mumbai: Petrol- ₹106.31 per litre, Diesel- ₹94.27 per litre
3. Noida: Petrol- ₹96.79 per litre, Diesel- ₹89.96 per litre
4. Bengaluru: Petrol- ₹101.94 per litre, Diesel- ₹87.89 per litre
5. Gurugram: Petrol- ₹97.18 per litre, Diesel- ₹90.05 per litre
6. Chennai: Petrol- ₹102.63 per litre, Diesel- ₹94.24 per litre
7. Kolkata: Petrol- ₹106.03 per litre, Diesel- ₹92.76 per litre
8. Lucknow: Petrol- ₹96.57 per litre, Diesel- ₹89.76 per litre
9 . Patna: Petrol – ₹107.46 per litre, Diesel – ₹94.24 per litre
10. Chandigarh: Petrol- ₹96.20 per litre, Diesel- ₹84.26 per litre
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Supply: Live Mint