Petrol and diesel prices on July 23: Check latest rates in your city today

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The oil advertising firms on Sunday introduced the petrol and diesel costs for main Indian cities. In keeping with the newest knowledge, petrol and diesel costs remained unchanged for main cities.

Within the nationwide capital, the worth of 1 litre of petrol stood at 96.72 whereas that of diesel was 89.62. In India’s monetary capital Mumbai, the costs of petrol and diesel stood at 106.31 per litre and 94.27 per litre respectively.

Listed below are the petrol and diesel costs for different main cities on July 23, 2023.

In Mumbai, petrol stands at <span
In Mumbai, petrol stands at 106.31 per litre, whereas diesel is retailing at 94.27 per litre. (File)

The petrol costs in India are revised day by day, which is named the dynamic petrol pricing methodology. Earlier, the central authorities used to manage the costs which have been revised after each 15 days. In 2014, the federal government de-regulated the gas costs, and since 2017 the charges are revised day by day.

Outstanding oil firms like Bharat Petroleum Company Ltd (BPCL), Indian Oil Company Ltd (IOCL) and Hindustan Petroleum Company determine the charges, that are overseen by the Union petroleum and pure fuel ministry’s petroleum planning and evaluation cell.

The oil firms determine the petrol costs based mostly international charges, alternate charges, tax construction and different elements.

Petrol costs in states come below VAT which is charged by the state authorities. Since each state has totally different VAT, therefore the pricing differs.

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