Fuel Price Today On 26 May 2022 Stable For The Fourth Consecutive Day, Know How Much Petrol And Diesel Is Being Sold In Your City

On Thursday 26 May 2022, the prices of petrol and diesel remained stable for the fourth consecutive day. Finance Minister Nirmala Sitharaman on Saturday announced a reduction in excise duty on petrol by Rs 8 per liter and on diesel by Rs 6 per liter. On the other hand, there is a slight increase in the price of crude oil in the international market. The price of Brent crude oil has come down to $ 114 per barrel, while the price of WTI is present at $ 110 per barrel. Let us also tell you how much you will have to pay for petrol and diesel in your city today. 

According to the data available on the website of Indian Oil Corporation, the price of petrol in Delhi is Rs 96.72 per liter while the price of diesel is Rs 89.62. In Gurugram, a liter of petrol will cost Rs 97.81 and a liter of diesel will cost Rs 90.05. After reduction of excise duty and VAT, the price of petrol in Mumbai is Rs 111.35, while diesel is being sold at Rs 97.28. Petrol and diesel prices in Chennai are Rs 102.65 and Rs 94.24 per litre. Petrol in Kolkata costs Rs 106.03 and Diesel costs Rs 92.76. In Bangalore, a liter of petrol will cost Rs 101.94 and a liter of diesel will cost Rs 87.89.

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Excise was cut after Finance Minister Nirmala Sitharaman on Saturday announced a reduction of Rs 8 per liter in excise duty on petrol and Rs 6 per liter on diesel, the rates of both major auto fuels were sharply reduced on Sunday. . Following the government’s decision, the price of petrol in the national capital was cut by Rs 8.69 per liter on Sunday, while that of diesel was cut by Rs 7.05. Additionally, the Maharashtra administration on Sunday reduced the Value Added Tax (VAT) on petrol and diesel. VAT on petrol has been reduced by Rs 2.08 per liter and on diesel by Rs 1.44 per liter.

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10 per liter in 16 days 

Meanwhile, Bharat Petroleum Corporation Limited on Wednesday reported an 82 percent decline in net profit for the quarter ended March 2022. According to a regulatory filing, it reported a net profit of Rs 2,130.53 crore as compared to Rs 11,940.13 crore in the January-March period. These companies started increasing fuel prices from March 22 but stopped it within 16 days. Even after petrol and diesel prices increased by Rs 10 per liter between March 22 and April 6, oil companies continued to incur losses as international crude oil prices remained above USD 100 per barrel.

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