Petrol and diesel prices May 24: Fuel prices unchanged; Check prices in Delhi,

Petrol Diesel rates today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Petrol and diesel prices were kept unchanged by OMC on Tuesday after prices were reduced on Saturday. Finance Minister Nirmala Sitharaman on Saturday announced a reduction in excise duty of Rs 8 per liter on petrol and Rs 6 per liter on diesel. The price of petrol in Delhi today is Rs 96.72 per liter as against Rs 105.41 per liter till last week, while the price of diesel will be Rs 89.62 per liter as against Rs 96.67. In Mumbai, a liter of petrol costs Rs 111.35 while diesel costs Rs 97.28 per liter.

Public sector OMCs, including Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL) and Hindustan Petroleum Corporation Limited (HPCL), adjust the benchmark international prices and foreign exchange rates on a daily basis. Any change in petrol and diesel prices is effective from 6 am daily. Retail petrol and diesel prices vary from state to state due to local taxes like VAT or freight charges. Following the central government’s decision to reduce excise duty, several state governments have reduced VAT on petrol and diesel.

The Kerala government has announced a reduction in petrol and diesel prices by Rs 2.41 and Rs 1.36 per liter, respectively. The Rajasthan government has reduced VAT on petrol by Rs 2.48 per liter and on diesel by Rs 1.16 per liter. The Maharashtra government has reduced VAT on petrol by Rs 2.08 per liter and diesel by Rs 1.44 per liter. The Orissa government has also reduced taxes on petrol and diesel by Rs 2.23 and Rs 1.36 per liter, respectively.

Petrol, diesel prices in Chennai, Kolkata, Bangalore, Lucknow, Noida, Gurugram

Mumbai: Petrol price: Rs 111.35 per liter, diesel price: 97.28 per liter

Delhi: Petrol price: Rs 96.72 per liter, diesel price: Rs 89.62 per liter

Chennai: Petrol price: Rs 102.63 per liter, diesel price: Rs 94.24 per liter

Kolkata: Petrol price: Rs 106.03 per liter, diesel price: Rs 92.76 per liter

Bangalore: Petrol: Rs 101.94 per liter, Diesel: Rs 87.89 per liter

Lucknow: Petrol: Rs 96.57 per liter, Diesel: Rs 89.76 per liter

Noida: Petrol: Rs 96.79 per liter, Diesel: Rs 89.96 per liter

Gurugram: Petrol: Rs 97.18 per liter, Diesel: Rs 90.05 per liter

Chandigarh: Petrol: Rs 96.20 per liter, Diesel: Rs 84.26 per liter

Crude oil prices

Oil prices fell an inch early on Tuesday as investors feared a slowdown in growth that could hurt demand. Brent crude futures fell 35 cents to 3 113.07 a barrel, while US West Texas Intermediate (WTI) crude futures traded down 36 cents, or 0.3%, at 9 109.93 a barrel.

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