Petrol, diesel price on January 7 2023: Full your tank at cheapest rate! Check fuel rates of your city here

Petrol, diesel price on January 7 2023:  The petrol and diesel prices remain unchanged today for the 231st day in a row on Saturday i.e. January 7, except in Maharashtra. The fuel prices were slashed in Maharashtra after the state government lowered the value added tax (VAT) on petrol and diesel by Rs 5 and Rs 3 per litre, respectively, on July 14. Petrol in Mumbai is now available at a price Rs 106.31 per litre after the price cut of Rs 5, down from Rs 111.35 per litre previously. Similarly, the price of diesel in Mumbai has been brought down from Rs 97.28 per litre to Rs 94.27 per litre, a reduction of Rs 3 per litre.

The last time petrol and diesel prices declined in the entire country was on May 22, a day after the Centre slashed the excise duty by Rs 8 per litre on petrol and Rs 6 per litre on diesel on May 21. This reduction in the excise duty brought the price of a litre of petrol and diesel down by Rs 9.5 and Rs 7, respectively.

Once again a big relief for common people in inflation period where price of every items is increasing, price of petrol and diesel remain stable. 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 following global benchmark prices.

231th day in a row

In India, the price of petrol and diesel has remained unchanged for the 225th 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.

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.

Petrol, diesel price in major cities on January 7 2023

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.

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.