India Keeps Petrol and Diesel Rates Unchanged on June 11
An April rise in excise duties was offset by lower international oil benchmarks, preserving stable retail rates since May 2022.
Overview
- Oil marketing companies review and implement fuel prices daily at 6 a.m. based on changes in Brent crude benchmarks and the rupee-dollar exchange rate.
- An ₹2 per litre increase in central excise duty in April was neutralised by recent drops in global crude, resulting in no change to retail pump rates.
- In Delhi, petrol remains at ₹94.77 per litre and diesel at ₹87.67, with major metros such as Mumbai and Chennai also seeing steady prices.
- Differing state taxes and transportation charges drive regional spreads, with many Maharashtra cities reporting petrol above ₹104 per litre.
- Fuel rates have been held steady since May 2022 following central and state tax cuts, insulating consumers from volatile international oil markets.