Petrol, Diesel Prices Reduced By Up To 20 Paise

In Mumbai, petrol prices stand at Rs. 107.66 per litre after seeing a drop of 17 paise, while diesel rates fell 20 paise to Rs. 96.64 per litre. Delhi saw a 20 paise drop in both petrol and diesel prices standing at Rs. 101.64 per litre and Rs. 89.07 per litre, respectively.The state-owned oil marketing companies (OMCs) on Sunday marginally reduced fuel prices across India. As per the notification from the Indian Oil Corporation (IOC), petrol and diesel rates were lowered by up to 20 paise. Earlier this week, oil retailers reduced diesel prices on three consecutive occasions bringing down the price by 60 paise a litre. With new prices coming into effect, the country’s national capital, Delhi saw a 20 paise drop in both petrol and diesel prices, standing at ₹ 101.64 per litre and ₹ 89.07 per litre, respectively.Here are the petrol and diesel prices across six major metros on August 22, 2021:In the country’s financial capital Mumbai, petrol prices stood at ₹ 107.66 per litre after seeing a drop of 17 paise, while diesel rates fell 20 paise to ₹ 96.64 per litre. As for other metro cities, Chennai saw a drop of 15 paise in petrol rates, coming down to ₹ 99.32 a litre, while diesel prices fell 18 paise to ₹ 93.66 a litre.The two auto fuels in Bengaluru now cost ₹ 105.13 per litre and ₹ 94.49 per litre for petrol and diesel respectively. Buyers in Kolkata will now have to pay ₹ 101.93 a litre for petrol and ₹ 92.13 a litre for diesel.The fuel rates vary from state to state in the country due to the value-added tax or VAT. Rajasthan levies the highest VAT on fuel, followed by Madhya Pradesh, Maharashtra, Andhra Pradesh and Telangana. Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum are the three leading oil marketing companies. They revise domestic fuel prices with global benchmarks by taking into account alterations in the foreign exchange rates accordingly.