Petrol, diesel prices on July 16: Check fuel rates in major towns of Odisha

The prices of petrol and diesel continue to be on the higher side, but there has been no large change in the rates of the fuel for nearly two months. 

The fuel rates in Odisha have also been steady. Customers are reportedly paying Rs 103.11 per litre of petrol in the State Capital while diesel is sold at Rs 94.68 a litre.

In Cuttack, customers are paying Rs 103.54 and Rs 95.25 per litre of petrol and diesel respectively.

As per the fuel rate chart, petrol is sold at Rs 108.92 in Malkangiri. In Ganjam, petrol costs Rs 103.77 and in Sambalpur the petroleum product is priced at Rs 103.23. 

Similarly, petrol is being sold at Rs 103.95 in Bhadrak and Rs 108.23 in Koraput.

On Friday, Maharashtra government announced reduction in the VAT on petrol and diesel by Rs 5 and Rs 3 respectively. 

The last major revision in the prices of petrol and diesel took place after Finance Minister Nirmala Sitharaman announced a reduction in the central excise duty in May earlier this year.

International oil and gas prices skyrocketed after Russia invaded Ukraine in February triggering fears of supply chain disruptions. Rates have fallen in recent days amid talk of recession in the world's largest oil consumer, the US.