Petrol and diesel prices remained unchanged on Friday. As per the usual practice, the oil marketing companies announce the fuel prices every day at 6 am.
In the national capital, petrol and diesel prices stood at ₹96.72 per litre and ₹89.62 per litre respectively. In India’s financial capital Mumbai, petrol was sold at ₹106.31 per litre while the price of diesel stood at ₹94.27 per litre.
Here are the petrol and diesel prices for other Indian cities on June 23.
As mentioned above, fuel prices in India are revised daily at 6 am. The rates are decided by prominent oil marketing companies. The government does not control petrol and diesel prices. However, it exercises control through excise duty. Besides the taxes, the Centre also regulates the fuel prices through base prices and cap prices at which dealers and OMCs deal with each other.
The fuel prices in India are not under goods and service tax. While the Centre collects excise duty, the state governments collect VAT. Since VAT is different for each state, hence the pricing.