Fuel Price Remain Unchanged for more than the duration of a month on thursday, June 23. Oil Marketing Companies have the Retail Price of Petrol and Diesel Steady since May 21. Last Month, Union Finance Minister Nirmala Nirmala Gasoline with RS 8 per liter, and diesel with RS 6 per liter.

On Thursday, the price of gasoline in Delhi is RS 96.72 per liter compared to RS 105.41 per liter, previously; While the retail price of diesel in the national capital is RS 89.62 per liter compared to RS 96.67 per liter before. In Mumbai, gasoline consumers will pay RS 111.35 per liter, while diesel consumers in financial capital will pay RS 97.28 per liter. The price of gasoline in Kolkata is in RS 106.03 per liter, while the price of diesel in the capital city of West Bengal is in RS 92.7 per liter. The retail price of gasoline in Chennai on Thursday is RS 102.63 per liter, while the Retail Diesel price is RS 94.24 per liter.

Revision of gasoline and diesel prices in this country is carried out by the Public Sector OMC such as Hindustan Petroleum Corporation Ltd (HPCL), Indian Oil Corporation Ltd (IOCL), and Bharat Petroleum Corporation Ltd (BPCL). Changes in the price of gasoline and diesel are applied with the effect of 6 am every day. Revision of fuel prices depends on several factors including international crude oil prices and foreign exchange rates. Gasoline and diesel prices are also different in all states, due to local factors such as state tax, VAT (Value Added Tax), shipping costs, among others.

Following steps by the central government where significant deductions in customs are carried out to reduce the price of fuel prices, some state governments reduce VAT in gasoline and diesel as well. The Maharashtra state government cuts local VAT with gasoline with 2,08 per liter hospital and diesel with RS 1.44 per liter. The State Government of Odisha announced local tax relaxation of gasoline and diesel respectively in RS 2.23 and RS 1.36 per liter. The state government Rajasthan reduced VAT in gasoline by Rs 2.48 per liter and diesel by RS 1.16 per liter. Meanwhile, the Kelala state government announced a reduction in local taxes on the price of gasoline and diesel respectively by RS 2.41 and RS 1.36 per liter.