Petrol price in India

Fuel Prices Have Raised Today With Petrol Upto 19 Paise/liter and Diesel Upto 29 Paise/liter
Petrol price in India

Fuel Prices Have Raised Today With Petrol Upto 19 Paise/liter and Diesel Upto 29 Paise/liter

Fuel prices have been raised by the oil marketing companies today on 21 May after a break of two days. The rise of petrol today is 19 paise per liter while diesel is now costly by another 29 paise per liter. Summing up, the petrol prices in Delhi is now at Rs. 93.04 while diesel’s Rs 83.80 per liter. While in Mumbai petrol is of Rs 99.32 and diesel at Rs 91.01, according to officials. Also read: National terrorism day 2021  The prices of petrol and diesel have risen over the past 18 days by 2.64 per liter on petrol and 3.07 on diesel. For the past two days, the fuel prices remained unchanged after a rush on May 18. The prices of fuel vary across different states according to the local taxation like value-added tax. Rajasthan charges the highest value-added tax on petrol countrywide, ...
Raise in Petrol and Diesel Prices After Assembly Elections
Petrol price in India

Raise in Petrol and Diesel Prices After Assembly Elections

As of today, Tuesday, the state-owned oil marketing companies raised the prices for petrol and diesel after the results announced for the assembly elections in West Bengal, Kerala, Assam, Tamil Nadu, and Puducherry on Sunday. As a result of assembly elections, the price of petrol rose by 15 paise per liter in Delhi, while diesel rose by 18 paise per liter. This has happened for the first time, that the transportation prices have risen against the backdrop of the assembly election. Now in Delhi, petrol and diesel are retailing at 90.55 per liter and 80.1 per liter apart, from now at state-run Indian oil corporation LTDs outlets. The cost for the Indian basket of crude comprising Oman, Dubai, and Brent crude, was at $65.71 a barrel on May 3. During the covid outbreak in April last year,...
Finance Ministry agreed to Cut Tax on Petrol, Diesel – sources
Business, Finance, Petrol price in India

Finance Ministry agreed to Cut Tax on Petrol, Diesel – sources

Finance Ministry is considering cutting excise duty on petrol and diesel to reduce the impact of record-high domestic prices, three government officials close to the discussion. The doubling of the price of crude oil in the last 10 months has added to record fuel costs at fuel stations. But taxes and duties account for roughly 60 percent of the retail price of petrol and diesel in the country, the world's third-biggest consumer of crude oil. The Coronavirus pandemic, the economy was hit badly PM Modi’s government raised petrol and diesel prices to promote dropping down tax revenue rather than passing on the benefits of lower oil prices to consumers last year. Sources said India's Finance Ministry has now started consultations with some states, oil companies, and the oil minist...