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Indian oil marketing companies update the latest prices of petrol and diesel everyday at 6 am. The prices for 16 February remains unchanged.
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Indian oil marketing companies updated the latest prices of petrol and diesel for Wednesday, 16 February. However, the good thing is that the companies have not changed the prices of petrol and diesel.
Although there is a jump in the prices of crude oil at the international level, but at present there is no direct effect of it on the domestic market. On 3 November 2021 the Central Government had reduced the excise duty on petrol and diesel, after which many states also reduced the VAT.
There has been no major change in the price of petrol and diesel since then. However, despite this, petrol is still being sold at a price of more than Rs. 100 per liter in many states of the country including Bihar, Rajasthan, Madhya Pradesh. Petrol and diesel prices vary in different cities.
According to the Indian Oil Corporation (IOCL), petrol in the country's capital Delhi remained stable at Rs 95.41 per liter while diesel at Rs. 86.67 per liter on Wednesday. At the same time, petrol in Mumbai is Rs. 109.98 and diesel Rs. 94.14, in Kolkata petrol is Rs. 104.67 and diesel Rs. 89.79 and in Chennai petrol is Rs. 101.40 and diesel Rs. 91.43 per liter.