Petrol, Diesel Price August 8, 2022: Check Fuel Prices As HPCL Reports Loss Of Rs 10,196 Cr

The prices of petrol and diesel continue to remain unchanged as Oil Marketing Companies (OMCs) left the oil prices untouched. Meanwhile on August 6, 2022, Hindustan Petroleum Corporation Ltd (HPCL) declared its highest ever quarterly net loss of Rs 10,196.94 crore in the June quarter amid halt on petrol and diesel
price revision.

According to company's filing with the stock exchanges, a standalone net loss of Rs 10,196.94 crore occurred during April-June compared with a net profit of Rs 1,795 crore in the same period a year back.

If you are in Delhi, the price of 1 litre of petrol is reported at Rs 96.72 per litre while the diesel price is Rs 89.62 per litre in the national capital. In Mumbai, the price of one litre of petrol is recorded at Rs 106.31 per litre and diesel price is available at Rs 94.27 per litre.

Prices of both the fuel petrol and diesel have been same for almost two months ever since finance minister Nirmala Sitharaman declared a cut in excise duty on petrol and diesel. Nirmala Sitharaman declared an excuse duty cut on petrol by Rs 8 per litre and Rs 6 per litre on diesel earlier this year on May 21.

The public sector oil marketing companies that may include Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL), and Hindustan Petroleum Corporation Ltd (HPCL) revise prices of fuel everyday keeping in line with benchmark global prices and foreign exchange rates. If any changes in the prices of petrol and diesel occur, it is implemented at 6 AM everyday.

Check price of petrol and diesel in these cities as on July 22, 2022:

Chennai: Petrol price: Rs 102.63/litre, Diesel price: Rs 94.24/litre

Bengaluru: Petrol price: Rs 101.94/litre, Diesel price: Rs 87.89/litre

Lucknow: Petrol: Rs 96.57/litre, Diesel: Rs 89.76/litre

Noida: Petrol: Rs 96.57/litre, Diesel: Rs 89.96/litre

Gurugram: Petrol: Rs 97.18/litre, Diesel: Rs 90.05/litre

Chandigarh: Petrol: Rs 96.20/litre, Diesel: Rs 84.26/litre