Petrol, Diesel Prices Today In Your City: Five Things To Know

Petrol and diesel prices were kept unchanged on Monday, June 18. That marked the third straight day of steady prices for petrol and the first in case of diesel. Petrol and diesel prices have eased somewhat from record highs touched in some cities last month. However, the relief so far this month is to the tune of Rs 2 per litre for petrol prices in Delhi, Kolkata, Mumbai and Chennai, compared with the increase of nearly double the magnitude in the previous month. In case of diesel, the prices so far this month are down about Rs 1.5 per litre in the four metros, compared with the hike of at least Rs 3 per litre in each of the key cities last month. An upsurge in global crude oil prices and weakness in the rupee against the US dollar had pushed domestic petrol and diesel prices higher last month.

Union Minister Arun Jaitley on Monday virtually ruled out any cut in excise duty on petrol and diesel saying it could prove to be counter-productive. "My earnest appeal, therefore, to political leaders and opinion makers ...would be that evasion in the non-oil tax category must be stopped and, if people pay their taxes honestly, the high dependence on oil products for taxation eventually comes down. In the medium and long run, upsetting the fiscal math can prove counter-productive," news agency Press Trust of India cited Mr Jaitley as saying.

Here are five things to know about petrol price and diesel price today:

1. With effect from 6 am on Monday, June 18, petrol prices were at Rs 76.35 per litre in Delhi, Rs 79.02 per litre in Kolkata, Rs 84.18 per litre in Mumbai and Rs 79.24 per litre in Chennai, according to Indian Oil Corporation.

Petrol price in Delhi

Diesel prices were at Rs 67.78 a litre, Rs 70.33 a litre, Rs 72.13 a litre and Rs 71.54 a litre in Delhi, Kolkata, Mumbai and Chennai.

Diesel price in Delhi

2. From May 14 to May 29, petrol prices were increased in the range of Rs 3.74-4 a litre across the four metros and diesel prices raised by Rs 3.23-3.62 a litre. That led to the fuel prices touching all-time highs in some cities including Delhi and Mumbai.

Petrol, diesel price list