Gas costs hit contemporary excessive as rupee plunges to all-time low; petrol worth climbs to Rs 80.87 per litre, diesel at Rs 72.97

New Delhi: Petrol and diesel costs hit contemporary highs on Tuesday because the rupee plunged to an all-time low, making imports costlier.

A 14 paisa per litre hike in petrol and diesel costs every took the charges to an all-time excessive, in line with worth notification of state-owned gas retailers.

Petrol worth in Delhi climbed to Rs 80.87 per litre, whereas in Mumbai it inched as much as Rs 88.26. A litre of diesel within the nationwide capital was priced at Rs 72.97 and Rs 77.47 in Mumbai.

Representational picture. Reuters

Delhi has the most affordable gas amongst all metros and most state capitals due to decrease taxes. Mumbai has the very best gross sales tax or VAT.

Petrol in Chennai prices Rs 84.07 per litre and Rs 83.75 in Kolkata. Diesel is priced at Rs 77.15 per litre in Chennai and Rs 75.82 in Kolkata.

In line with oil corporations, refinery gate worth of petrol, with out contemplating any central or state tax and sellers fee, is Rs 40.45 per litre. The identical for diesel is Rs 44.28.

Retail charges are excessive after including excise responsibility, which is charged by the central authorities, fee paid to petrol pumps sellers and VAT, charged by state governments.

Vendor’s fee on petrol at present is Rs 3.34 per litre and that on diesel is Rs 2.52.

Whereas crude oil superior 0.Four p.c to $67.78 a barrel, the relentless slide in rupee has added gas to the hearth. The forex fell to a brand new low of 72.7375 on Tuesday.

Since mid-August, petrol worth has risen by Rs 3.79 a litre and diesel by Rs 4.20 per litre.

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