Gasoline, diesel rate today, March 28: Petrol rate today and diesel rates remained stable in India today even as the government reduced special additional excise duty on automobile fuels two days ago.
The Ministry of Finance, in an announcement dated March 26, reduced the special additional excise duty on gasoline from ₹13 to ₹3 per liter. The same was shortened to zero z ₹10 per liter of diesel.
The move to cut excise duty on petrol and diesel came in response to providing relief to oil marketing companies that are reeling under the pressure of rising oil prices due to the ongoing war between the US and Iran.
However, the retail price of gasoline and diesel remained unchanged on March 28. Petrol price stagnated in Delhi today ₹94.77 per liter while diesel remained flat ₹87.67 per liter in the national capital, according to price announcements by state-run state oil companies.
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Petrol price in Delhi, Mumbai, Kolkata, Chennai, other cities on March 28
Petrol price in Delhi: The price of petrol in Delhi stood ₹94.77 per litre
Petrol price in Mumbai: The price of petrol in Mumbai stood ₹103.54 per litre
Petrol Price in Kolkata: The price of petrol in Kolkata stood ₹105.41 per litre
Petrol price in Chennai: Petrol price in Chennai cost ₹100.80 per litre
Petrol price in Hyderabad: Petrol price in Hyderabad stood ₹107.50 per liter
Petrol price in Bengaluru: Petrol price in Bengaluru stood ₹102.96 per litre
Petrol price in Pune: Petrol price in Pune cost ₹103.82 per litre
Petrol price in Lucknow: Petrol price in Lucknow stood ₹94.97 per litre
Petrol price in Jaipur: Petrol price in Jaipur stood ₹104.72 per litre
Petrol price in Ahmedabad: Petrol price in Ahmedabad stood ₹94.84 per litre
Petrol price in Patna: The price of petrol in Patna stood ₹105.54 per litre
Petrol price in Chandigarh: Petrol price in Chandigarh stood ₹94.30 per litre
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Diesel price in Delhi, Mumbai, Kolkata, Chennai, other cities on March 28
Diesel Price in Delhi: Diesel price in Delhi stood ₹87.67 per litre
Diesel Price in Mumbai: The price of diesel in Mumbai stood ₹90.03 per litre
Diesel Price in Kolkata: The price of diesel in Kolkata stood ₹92.02 per litre
Diesel Price in Chennai: Diesel price in Chennai stood ₹92.61 per litre
Diesel price in Hyderabad: Diesel price in Hyderabad stood ₹95.70 per litre
Diesel Price in Bengaluru: Diesel price in Bengaluru stood ₹90.99 per litre
Diesel Price in Pune: Diesel price in Pune stood ₹90.74 per litre.
Diesel Price in Lucknow: Diesel price in Lucknow stood ₹88.50 per liter
Diesel Price in Jaipur: Diesel price in Jaipur stood ₹90.18 per litre
Diesel price in Ahmedabad: Diesel price in Ahmedabad stood ₹90.17 per litre
Diesel price in Patna: The price of diesel in Patna stood ₹91.84 per litre
Diesel Price in Chandigarh: Diesel price in Chandigarh stood ₹82.45 per litre.
Reduction of special additional excise tax on gasoline from ₹13 to ₹3 per liter and for diesel from ₹10 to zero will not lead to any change in retail petrol station prices as the reduction will be offset by fuel losses – Petroleum Minister Hardeep Singh Puri estimates on ₹24 per liter for petrol and ₹30 for diesel, and by his ministry at ₹26 a ₹81.90, respectively
Key things
- The reduction in excise duty on petrol and diesel did not lead to a reduction in retail prices.
- The government aims to support oil marketing companies amid rising oil prices.
- Fuel prices remain stable despite significant reductions in consumption taxes as a result of compensation for losses.
