Petrol and diesel are at all-time high in all the metro cities. After a day’s relief, state-owned fuel companies increased petrol and diesel prices again on May 18 Petrol and diesel prices in the country touched record high on Tuesday. After a day’s relief, state-owned fuel companies increased fuel prices again on May 18. Petrol
Petrol and diesel are at all-time high in all the metro cities.
After a day’s relief, state-owned fuel companies increased petrol and diesel prices again on May 18
Petrol and diesel prices in the country touched record high on Tuesday. After a day’s relief, state-owned fuel companies increased fuel prices again on May 18. Petrol has become costlier by 25-27 paise a litre while diesel has been raised by 27-31 paise per litre on Tuesday.
In the financial capital, petrol has climbed to Rs 99.14, an all-time high on May 18. In Delhi, a litre of petrol costs Rs 92.85. According to data from Indian Oil Corporation, a litre of petrol is priced at Rs 94.54 in Chennai, Rs 92.92 in Kolkata and Rs 90.66 in Noida.
After the revision, diesel has touched Rs 90.71 in Mumbai, highest across the metro cities. In Delhi, a litre of diesel is being sold at Rs 83.5. The retail price of diesel has risen to Rs 88.34 per litre in Chennai. People in Kolkata have to shell out Rs 86.35 for a litre of diesel.
In Sri Ganganagar district of Rajasthan, petrol is being sold at Rs 103.80 per litre, most expensive in the country. Diesel costs Rs 96.30 a litre in Sri Ganganagar.
The price of auto fuel in India depends on international crude oil prices, rupee-dollar exchange rate. The central government and states also levy various taxes — excise duty and Value Added Tax (VAT) on petrol and diesel. The Centre raised excise duty by Rs 13 on petrol and Rs 16 on diesel between March 2020 and May 2020. The duty now stands at ₹31.8 on diesel and ₹32.9 on petrol. VAT varies from state to state.
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