Petrol And Diesel Prices Today - 2 September: Check Fuel Rates In Delhi, Mumbai, Bengaluru

(MENAFN- Live Mint) Domestic petrol and diesel prices remained steady across key metropolitan cities on Wednesday, September 2, even as global crude benchmarks extended their rally following fresh geopolitical escalations in the Middle East.

In Mumbai, retail petrol continues to trade flat at ₹111.21 per litre, while diesel is priced at ₹97.83 per litre. Over the past 10 days, Mumbai petrol prices have ranged from ₹111.21 to ₹117.61 per litre. In the national capital, New Delhi, consumers pay ₹102.12 per litre for petrol and ₹95.20 for diesel.

Retail fuel prices in India vary across states depending on the incidence of local value-added tax (VAT ) and freight charges.

Also Read | 'Right to know' exact percentage of ethanol in petrol? Here's what SC said

Check petrol, diesel prices in key cities on 2 September:

CNG prices in Delhi have been hiked

The price of CNG in Delhi and adjoining cities was increased by ₹3.89 per kg, effective from August 29, Indraprastha Gas Ltd confirmed.

Following the price hike, Delhi's transport bodies demanded an immediate hike in autorickshaw fares, warning of a strike on September 9 if their demand was not met.

Also Read | CNG price hike in Delhi: Auto unions demand higher fare rate, threaten strike Centre hikes windfall tax on fuel exports

The central government notified revised Special Additional Excise Duty (SAED) rates effective September 1, raising the windfall levy on outbound shipments of petrol and diesel while marginally trimming duties on jet fuel. Domestic consumer prices remain unaffected by the revision.

Diesel Exports: The SAED, including the road and infrastructure cess, has increased by ₹1 to ₹25 per litre, up from ₹24 per litre. Petrol Exports: Duty was reintroduced at ₹1.50 per litre, up from zero. Aviation Turbine Fuel (ATF): The export levy was cut by ₹0.50 per litre, bringing the duty down to ₹19 per litre from ₹19.50 per litre. Domestic Clearances: The government maintained the status quo on duty structures for fuel sold domestically.

Also Read | Centre raises windfall tax on petrol, diesel exports, cuts levy on jet fuel Crude oil surges 1% on US-Iran strikes

International oil benchmarks advanced nearly 1% in early Asian trade on Wednesday, building on a sharp $4 rally from the prior session.

Supply risk premiums expanded after the United States launched airstrikes against targets in Iran overnight, prompting retaliatory strikes and reducing expectations of an immediate de-escalation.

Brent crude futures gained 87 cents, or 0.92%, to trade at $95.52 a barrel, while US West Texas Intermediate (WTI) crude climbed 80 cents, or 0.89%, to $91.02 a barrel. The previous session marked the steepest single-day climb for both benchmarks since late July.

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