Fuel prices hiked again: Petrol retails at Rs 98/litre in Delhi; Check rates in your city
India | June 24, 2021 10:41 ISTThe price of petrol and diesel in Mumbai are Rs 103.89 and Rs 95.79 per litre respectively today.
The price of petrol and diesel in Mumbai are Rs 103.89 and Rs 95.79 per litre respectively today.
The hike on Tuesday was the 28th increase in prices since May 4, when state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal.
The price of petrol was hiked by 28 paise per litre and diesel by 26 paise, according to a price notification of state-owned fuel retailers. In Delhi, petrol hit an all-time high of Rs 97.50 a litre, while diesel is now priced at Rs 88.23 per litre.
With the latest fuel price hike, the price of petrol in Hyderabad crossed Rs 100 per litre mark on Monday. The oil companies on Monday hiked the prices of petrol and diesel by 29 and 30 paise per litre, respectively.
After petrol, diesel is now at almost Rs 100 per litre mark in Rajasthan as oil firms raised fuel prices yet again on Friday.
After petrol, diesel is now nearing the Rs 100 per litre mark in Rajasthan as oil firms raised fuel prices yet again on Monday.
Petrol price on Tuesday crossed Rs 99 a litre mark in Mumbai after oil companies raised petrol and diesel rates on surge in international oil prices.
Petrol and diesel prices on Friday touched record high levels across the country after rates were increased for the fourth time this week.
Petrol and diesel prices witnessed a minor surge in the national capital and stood at Rs 90.74 and Rs 81.12 per litre, respectively on Wednesday. The petrol prices were increased by 19 paise per litre and diesel by 21 paise in Delhi.
The pumps price of petrol and diesel remained at Thursday's level of Rs 90.40 a litre and Rs 80.73 a litre respectively in Delhi.
Union Petroleum Minister Dharmendra Pradhan assured that petrol, diesel and LPG prices will reduce in the upcoming days and the benefit of decreasing crude oil price in international market will be provided to end customers.
Centre and states collectively collect over Rs 5 lakh crore tax on petroleum products, Modi told the Rajya Sabha while participating in a discussion on the Finance Bill 2021.
Union Finance Minister Nirmala Sitharaman on Tuesday said she was ready to discuss bringing petrol and diesel under GST in the next council meet.
Union Finance Minister Nirmala Sitharaman on Monday said that there is no proposal to bring crude oil, petrol, diesel, jet fuel (ATF) and natural gas under the Goods and Services Tax (GST).
Price of domestic cooking gas, LPG has doubled to Rs 819 per cylinder in the last seven years while the increase in taxes on petrol and diesel has swelled collections by over 459 per cent, Oil Minister Dharmendra Pradhan said on Monday.
Sitharaman, who had increased central excise duty on petrol and diesel by a record margin last year to mop up gains arising from international oil prices plunging to a two-decade low, remained non-committal on taking the first step to cut central taxes to give relief to consumers.
Analysts say that the government has room to cut excise duty on petrol and diesel by up to Rs 8.5 per litre without impacting its target for revenue from the tax on the two fuels.
Petrol and diesel prices have increased sharply in the country over a period of time. In some cities, the price has reached Rs 100 per litre.
Shaktikanta Das said there is a need for coordinated action between the centre and state governments to reduce taxes on petrol and diesel prices.
Uttar Pradesh government has said that there is no proposal to reduce tax on petrol and diesel as revenue is needed to ensure betterment of health services and other development works.
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