Current Fuel Prices in Major Indian Cities as of June 4, 2023
Today Petrol, Diesel Prices June 04: Fuel prices hiked or unchanged? Check Petrol, Diesel rates in Delhi, Mumbai, Chennai, Kolkata, Bengaluru
India
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As of June 4, 2023, petrol and diesel prices in India remain affected by geopolitical tensions, particularly in the Middle East. Petrol prices range from ₹101.54 in Chandigarh to ₹115.69 in Hyderabad, while diesel prices vary from ₹89.47 in Chandigarh to ₹103.82 in Hyderabad.
- 01The government has reduced the windfall gains tax on petrol exports to ₹1.5 per litre and on diesel to ₹13.5 per litre.
- 02Petrol prices in major cities include ₹102.12 in New Delhi, ₹111.18 in Mumbai, and ₹113.47 in Kolkata.
- 03Diesel prices in New Delhi are ₹95.20, while in Kolkata, they are ₹99.82.
- 04The special additional excise duty on petrol was cut from ₹3 to ₹1.5 per litre effective June 1.
- 05Crude oil prices have surged above USD 100 per barrel due to ongoing military conflicts involving Iran.
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On June 4, 2023, petrol and diesel prices in India reflect the impact of rising crude oil costs amid ongoing geopolitical tensions, particularly in the Middle East. The government has halved the windfall gains tax on petrol exports to ₹1.5 per litre and reduced the tax on diesel to ₹13.5 per litre. Despite these changes, domestic prices for petrol and diesel remain unchanged. In New Delhi, petrol is priced at ₹102.12 per litre, while in Kolkata, it reaches ₹113.47. Diesel prices are ₹95.20 in New Delhi and ₹99.82 in Kolkata. The special additional excise duty on petrol was recently lowered from ₹3 to ₹1.5 per litre. Crude oil prices have surged significantly, exceeding USD 100 per barrel, influenced by military actions involving the United States and Israel against Iran, which have raised concerns about supply disruptions.
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The fluctuations in fuel prices may lead to increased transportation costs, affecting the prices of essential goods and services.
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