Petrol Diesel Price Today 16 April 2021: Petrol and diesel prices remained stable on Friday. The companies cut prices after 15 days yesterday. Yesterday, government oil companies cut petrol prices by 16 paise and diesel by 16 paise. The price of petrol in Delhi today is Rs.90.40 and diesel is Rs.80.73. At the same time, the price of petrol in Mumbai is Rs 96.83 and the diesel price is Rs 88.81 per liter.
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| Name of the city | Petrol / liter |
Diesel Rs |
| Mumbai | 96.83 | 86.81 |
| Chennai | 92.43 | 85.75 |
| Kolkata | 90.62 | 83.61 |
| Delhi | 90.40 | 80.73 |
(Source – IOC)
Petrol and diesel prices can be further reduced
Despite the price hike in the international market, petrol and diesel prices are expected to rise due to elections in the domestic market. According to sources, the price of petrol and diesel could fall further before the election.
Petrol and diesel rates will thus be increased
Once excise duty, dealer commission and other items are added to the price of petrol and diesel, its price will double. If the central government excludes excise duty and state governments’ VAT, diesel and petrol rates may be around Rs 27 per liter, but neither the central nor the state government can remove the tax at any time. Because the bulk of the revenue comes from here. This money leads to growth.
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