Petrol, diesel prices today: Rates remain unchanged on 9 March, here's what you need to pay in your city

Speed News Desk 9 March 2022, 12:22 IST

Petrol, diesel prices today: Rates remain unchanged on 9 March, here's what you need to pay in your city

Petrol and diesel rates remained unaltered on Wednesday, 9th March.

In the national capital, fuel is comparatively inexpensive than the rest of the major cities because the state government had previously decided to lower the Value-Added Tax (VAT) on petrol, bringing down the price of the fuel in the city by about Rs 8 per litre.

During a cabinet meeting convened by Chief Minister Arvind Kejriwal, it was decided that the VAT on petrol will be lowered from the present 30 per cent to 19.4 per cent, resulting in a cut of approximately Rs 8 per litre, officials said.

The price of petrol following the VAT cut will drop from the current Rs 103 per litre to Rs 95 per litre, sources told news agency PTI.

Previously, the petrol price in Delhi was more as compared to the NCR cities in Uttar Pradesh and Haryana, where the state governments had announced a VAT cut after the Centre reducing the excise duty on fuel.

The Government of India had on Diwali eve, announced an excise duty cut on fuels leading to a sharp decline in petrol and diesel prices across the country. The centre had cut the price of petrol by Rs 5 and that of diesel by Rs 10. Following this decision, many states, mostly ruled by National Democratic Alliance and allies have also eased up the VAT on fuel.

Punjab and Rajasthan also followed the cue to announce the biggest cut in petrol prices. Petrol price in Punjab was further dropped by as much as Rs 16.02 per litre and diesel by Rs 19.61 a litre as a result of the combined affect of the excise duty and VAT cut, as maintained in price lists put out by state-owned fuel retailers.

VAT on petrol price was cut by Rs 11.02 while that in diesel was cut by Rs 6.77 in the state. In Ladakh, diesel saw the highest drop as rates have come down by Rs 9.52 per litre. This is due to a cut in VAT on top of Rs 10 a litre plunge in excise duty.

Following are the prices of diesel and petrol in a few metros and Tier-II cities in the country:

1. Mumbai

Petrol - Rs 109.98 per litre
Diesel - Rs 94.14 per litre

2. Delhi

Petrol - Rs 95.41 per litre
Diesel - Rs 86.67 per litre

3. Chennai

Petrol - Rs 101.40 per litre
Diesel - Rs 91.43 per litre

4. Kolkata

Petrol - Rs 104.67 per litre
Diesel - Rs 89.79 per litre

5. Bhopal

Petrol - Rs 107.23 per litre
Diesel - Rs 90.87 per litre

6. Hyderabad