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Chennai: Petrol and diesel prices remained unchanged at Rs 102.63 and Rs 94.24 per liter, respectively, in Chennai today (May 23).
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Public sector oil companies set domestic petrol and diesel prices on a daily basis in line with international market conditions. In Tamil Nadu, a liter of petrol sold for Rs 110.85 and diesel for Rs 102.59 in 2022. This was the highest selling price of petrol and diesel.
Then, the assembly elections in five states, including UP, did not change petrol and diesel prices. Following the election in these states, crude oil prices rose in the international market due to the ongoing war between Russia and Ukraine.
In Chennai, petrol remained unchanged at Rs 110.85 and diesel at Rs 100.94 for a long time till May 21.
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In this context, Union Finance Minister Nirmala Sitharaman issued a sudden announcement. The excise duty on petrol will be reduced by Rs 9 per liter and the excise duty on diesel by Rs 7.50 per liter. Following this, petrol price in Chennai yesterday (22nd) fell by Rs 8.22 a liter to Rs 102.63 and diesel by Rs 6.70 a liter to Rs 94.24. Sold at the same price as without.
Chennai: Petrol and diesel prices in Chennai today (May 23) were unchanged at Rs 102.63 per liter and diesel at Rs 94.24 per liter, respectively.
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