Prices for gasoline and diesel stayed the same on Saturday. Every day at 6 am, the oil marketing corporations modify the gasoline prices. According to the updated figures, the cost of gasoline and diesel per liter in Delhi was 96.72 and 89.62, respectively.
The prices for gasoline and diesel in other significant cities on September 16, 2023, are listed below.
The price of gasoline and diesel is updated every day at six in the morning, as was previously stated. Leading oil marketing corporations set the rates. The Centre regulates the rates at which dealers and oil corporations transact with one another by means of excise tax, base prices, and cap prices.
In India, there is no goods and services tax on gasoline pricing. State governments collect VAT, whereas the Center is in charge of collecting excise duty. The cost is as a result of the fact that each state’s VAT is unique.
Last year, the Narendra Modi administration reduced the national excise tax on gasoline by 8 cents per liter and on diesel by 6 cents per litre, resulting in a 9.5 cent and a 7 cent decrease in the price of gasoline, respectively.
