Petrol price on December 8: Public sector oil marketing companies (OMCs) such as Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL), and Hindustan Petroleum Corporation Ltd (HPCL) released their pricing on a daily basis in accordance with global benchmark prices. Every day at 6 am price of fuels is released. Petrol and diesel costs vary by state, based on factors such as Value Added Tax (VAT), freight charges, local taxes, and so on.
Indian oil marketing organizations on Thursday revealed the most recent petrol and diesel prices, despite the continuous decline in the price of crude oil on the international market. On the other hand, Indian oil companies kept petrol and diesel prices unchanged on Wednesday (December 8).
In India, the price of petrol and diesel has remained unchanged for the 200th day in a row. As a result, there has been some alleviation for the general public in terms of inflation.
The price of crude oil on the worldwide market has decreased. WTI crude has dropped to $78 per barrel, while Brent crude is now at $85 per barrel.
On Thursday, the price of petrol is Rs 106.31 per litre in Mumbai, Rs 106.03 in Kolkata, Rs 96.72 in New Delhi, and Rs 102.63 in Chennai. It is again a relief for the common people.
International market impact
In the international market, the price of crude oil has been continuously declining for the last several days. The price of WTI crude has come down near $ 85.61 per barrel and Brent crude near $ 91.63 per barrel.
Earlier on May 21, the government had cut excise duty. Excise duty on petrol was cut by Rs 8 per liter and diesel by Rs 6 per liter. Since then the price of petrol and diesel has come down. After this, diesel became cheaper by Rs 9.50 and Rs 7 per liter in the country. After the announcement of the Center, the governments of Rajasthan, Maharashtra, Odisha and Kerala also cut VAT.
At present, petrol in Delhi is priced at Rs 96.72 per liter and diesel is being sold at Rs 89.62 per litre. At the same time, petrol is getting Rs 106.31 and diesel Rs 94.27 per liter in Mumbai. Whereas petrol in Kolkata is Rs 106.03 and diesel Rs 92.76 per liter. On the other hand, petrol is selling at Rs 102.63 and diesel at Rs 94.24 per liter in Chennai.
Get cheapest petrol and diesel here
The cheapest petrol and diesel is being sold in Port Blair. Where petrol costs Rs 84.10 per liter and diesel costs Rs 79.74 per liter.
Petrol price on December 8:(December 08, 2022)
Delhi: Petrol Rs 96.72 and Diesel Rs 89.62 per liter.
Mumbai: Petrol Rs 106.31 and Diesel Rs 94.27 per liter.
Kolkata: Petrol Rs 106.03 and Diesel Rs 92.76 per liter.
Chennai: Petrol Rs 102.63 and Diesel Rs 94.24 per liter.
Hyderabad: Petrol Rs 109.66 and Diesel Rs 97.82 per liter.
Bangalore: Petrol Rs 101.94 and diesel Rs 87.89 per litre.
Thiruvananthapuram: Petrol Rs 107.71 and Diesel Rs 96.52 per liter.
Port Blair: Petrol Rs 84.10 and Diesel Rs 79.74 per liter.
Bhubaneswar: Petrol Rs 103.19 and Diesel Rs 94.76 per liter.
Chandigarh: Petrol Rs 96.20 and Diesel Rs 84.26 per liter.
Lucknow: Petrol Rs 96.57 and Diesel Rs 89.76 per liter.
Noida: Petrol Rs 96.57 and Diesel Rs 89.96 per liter.
Jaipur: Petrol Rs 108.48 and Diesel Rs 93.72 per liter.
Patna: Petrol Rs 107.24 and Diesel Rs 94.04 per liter
Gurugram: Rs 97.18 and diesel Rs 90.05 per litre.
Reasons which affect Petrol and diesel price
After adding excise duty, dealer commission and other things to the price of petrol and diesel, its price almost doubles. Petrol and diesel prices change daily based on what are the crude prices in the international market along with the foreign exchange rates.
Petrol price on December 8: Know rates in your city
Let us tell you that the prices of petrol and diesel change daily and get updated at 6 am. You can also know the daily rate of petrol and diesel through SMS. Indian Oil customers can get information by sending city code along with RSP to 9224992249 number and BPCL customers by writing RSP to number 9223112222. At the same time, HPCL consumers can find out the price by sending HP Price to the number 9222201122.