Fuel price surge record levels: Petrol at all-time high in capital at Rs 81 per litre, diesel Rs 73.08; high-level meet likely to discuss issue


Mumbai: Petrol costs are on a relentless upward march. On Thursday, petrol was up by 13 paisa at Rs 81 per litre — an all-time excessive in Delhi, whereas petrol was offered at Rs 73.08 per litre., in response to a worth notification of state-owned gasoline retailers.

In Mumbai, the worth of petrol was Rs 88.39 per litre and diesel at Rs 73.08 per litre. In Chennai, petrol is being offered at Rs 84.19 per litre and diesel at Rs 77.25 per litre whereas in Kolkata, the prices had been Rs 82.98 per litre and Rs 75.03 per litre respectively.

The value of petrol is the very best in Maharashtra’s Parbhani district in Maharashtra. On Tuesday, gasoline worth reached a brand new excessive retailing at at Rs 90.11 per litre.

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 obligation, 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 the moment is Rs 3.34 per litre and that on diesel is Rs 2.52.

Representational picture. Reuters.

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

Gasoline charges have been on hearth since mid-August, rising virtually day by day on account of a drop in rupee worth and rise in crude oil charges. Petrol worth has risen by Rs 3.65 a litre and diesel by Rs 4.06 per litre – the largest enhance in charges witnessed in any month because the launch of every day worth revision in mid-June final 12 months.

PM requires assembly to assessment gasoline, rupee hike

Prime Minister Narendra Modi has referred to as for a gathering the place gasoline worth hike could also be mentioned stated media stories.

Although a couple of states have introduced a discount in VAT for gasoline thus bringing down costs, Maharashtra is but to take action.

West Bengal Chief Minister Mamata Banerjee introduced a Re 1 reduce in gasoline costs on Tuesday. On Monday, Andhra Pradesh Chief Minister N Chandrababu Naidu introduced a reduce in petrol and diesel worth by Rs 2 every.

Earlier, Rajasthan Chief Minister Vasundhara Raje introduced a 4 p.c discount in VAT on petrol and diesel on Sunday, which can cut back gasoline costs by Rs 2.5 per litre within the state. VAT on petrol will probably be decreased from 30 to 26 p.c and on diesel from 22 to 18 p.c, Raje introduced. The choice will price the exchequer Rs 2,000 crore, however will present the folks of that state a reduction of Rs 2.5 per litre on petrol and diesel.

–With inputs from companies



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