Petrol Diesel Price Today, August 16: Check Latest Fuel Rates In Delhi, Mumbai And Other Cities

New Delhi: There was no change in the prices of petrol and diesel in big cities of the country even on Sunday. Despite crude oil becoming expensive in the international market, fuel rates in the domestic market remain the same. On August 16, prices remained the same in all major cities including Delhi, Mumbai, Kolkata, Chennai and Bengaluru. On Friday, Brent Crude increased by 1.67% and closed at 88.52 dollars per barrel in the global market. Crude has become costlier by about 6% this week. America-Iran tension and uncertainty regarding the Strait of Hormuz are being considered as the main reasons behind this.

How much are petrol and diesel in Delhi today?

In the capital Delhi on August 16, petrol is available at Rs 102.12 per litre and diesel at Rs 95.20 per litre. There is no change in the price today.

What is the rate in Mumbai, Kolkata, Chennai and Bengaluru?

Rates are stable in these 4 metro cities also: Mumbai: Petrol Rs 111.21/litre, diesel Rs 97.83/litre Kolkata: Petrol Rs 113.51/litre, Diesel ₹ 99.82/litre Chennai: Petrol Rs 107.76/litre, diesel Rs 99.55/litre. Bengaluru: Petrol Rs 111.68/litre, Diesel Rs 99.56/litre There is a slight difference in the rates due to taxes in every city. Right now petrol is most expensive in Kolkata and cheapest in Delhi.

What changes did the government make in the export tax of petrol and diesel?

From August 15, the central government has abolished the windfall tax on export of petrol. Also: Export duty on diesel: reduced from Rs 25.5 to Rs 24 per liter. Tax on ATF i.e. Aviation Turbine Fuel: reduced from Rs 22 to Rs 19.5 per liter. However, these changes do not yet seem to have any effect on the prices of domestic petrol and diesel.

What will be the impact of crude oil becoming expensive on India?

The continuous increase in cost of crude in the international market is a matter of concern for India. Because India fulfils a large part of its requirement by importing oil. If the availability of cheap crude from Russia reduces, then further pressure on the import bill may increase. This may also affect the prices of domestic fuel in the future. At present, the prices of petrol and diesel in the country are stable as of 16th August. But the government and oil companies are constantly keeping an eye on the ups and downs of the global oil market.