Fuel Price in India: After Karnataka tax hike, here’s how much petrol, diesel costs in your city; Full list here

Estimated read time 14 min read

Fuel Prices in India: Fresh prices for petrol and diesel have been announced on Sunday, June 16, shortly after the Karnataka state government led by Congress’ Siddaramaiah hiked taxes on fuel, in order to ‘to generate additional revenue for the state’, as per the Finance Department of Karnataka.

With the latest tax hike on fuel, petrol prices have risen by 3 per litre, reaching 102.84 in Bengaluru, up from the previous rate of 99.84. Similarly, diesel prices have increased by 3.02 per litre, now costing 88.95, up from 85.93. 

According to the notification, the sales tax on petrol has been increased from 25.92 per cent to 29.84 per cent, while the tax on diesel has risen from 14.3 per cent to 18.4 per cent by the state government. This significant increase in the sales tax has directly impacted the retail prices of both petrol and diesel across the state.

The fuel price hike is likely to have a ripple effect on various sectors, including transportation and goods distribution, potentially leading to increased costs for consumers. With the announcement, it was said that petrol and diesel prices are likely to go up by 3 and 3.05 approximately in Karnataka as the state government decided to increase taxes on June 15, according to the Petroleum Dealers Association.

The central government last lifted the freeze on retail prices of petrol and diesel on March 15, 2024, for the first time in two years, ahead of the then-expected schedule announcement for the Lok Sabha elections 2024. Before this, rates were last revised in April 2022.

With effect from Friday, March 15, prices of petrol and diesel were reduced by 2 per litre across all states. The fuel price reduction came one week after cooking gas or liquified petroleum gas (LPG) prices were cut by 100 per cylinder and for the free connection cylinders under the Ujjwala scheme.

As of June 16, the cost of petrol in Delhi is 94.72 per litre and diesel is priced at 87.62 per litre. The petrol price in Mumbai continued to exceed the 100 mark, reaching 104.21 per litre, while diesel was priced at 92.15 per litre. After the latest fuel price hike in Karnataka, here’s how much petrol and diesel costs in your city:

Petrol Diesel Price Today In India (Check city-wise rates below):

Delhi: The cost of petrol in Delhi is 94.72 per litre and diesel is priced at 87.62 per litre.

Mumbai: As of June 16, the cost of petrol in Mumbai is 104.21 per litre and diesel is priced at 92.15 per litre.

Chennai: The cost of petrol in Chennai is 100.75 per litre and diesel is priced at 92.34 per litre.

Kolkata: The cost of petrol in Kolkata is 103.94 per litre and diesel is priced at 90.76 per litre.

Trivandrum: The cost of petrol in Trivandrum is 107.62 per litre and diesel is priced at 96.49 per litre.

Noida: The cost of petrol in Noida is 95.01 per litre and diesel is priced at 88.14 per litre.

Lucknow: The cost of petrol in Lucknow is 94.56 per litre and diesel is priced at 87.66 per litre.

Bengaluru: The cost of petrol in Bengaluru is 99.84 per litre and diesel is priced at 85.93 per litre.

Hyderabad: The cost of petrol in Hyderabad is 107.41 per litre and diesel is priced at 95.65 per litre.

Jaipur: The cost of petrol in Jaipur is 104.88 per litre and diesel is priced at 90.36 per litre.

Bhubaneswar: The cost of petrol in Bhubaneswar is 101.06 per litre and diesel is priced at 92.64 per litre.

The government had passed on the responsibility of revising the retail prices of petrol and diesel to the three state-run oil marketing companies (OMCs) almost a decade ago. Typically, OMCs revise the fuel prices by taking into account the international crude oil prices and the rupee-dollar exchange rates.

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Published: 16 Jun 2024, 06:56 PM IST

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