UP govt also raises tax on petrol and diesel
No change in retail prices as oil marketing firms to absorb increase
The Delhi government has already imposed a Covid cess of 70 per cent on liquor and hiked petrol and diesel prices as the state got just Rs 300 crore in April
Following the revision, the price of petrol in Delhi increased by Rs 1.67 to Rs 71.26 a litre and diesel by Rs 7.10 to Rs 69.29.
On Tuesday, the Delhi govt had also raised excise duty on liquor to shore up its revenues
The increase in the rate of tax would be Re.1 per litre in the case of Petrol and Re. 1.1 per litre in case of Diesel, the state government said.
The increase in the rate of tax would be Re.1 per litre in the case of Petrol and Re. 1.1 per litre in case of Diesel, the state government said.
Petrol is being sold at a rate of Rs 69.63 per litre in Delhi
The fuel prices across the country seem to be stable since past one week due to the coronavirus outbreak
Petrol costs Rs 69.59 per litre in New Delhi, Rs 72.29 in Kolkata, while in Mumbai, the petrol is priced at Rs 75.30.
Even if the daily price cut on petrol and diesel remains between 15 and 30 paisa till April 1, the marketing margin will remain high at Rs 8-10 per litre.
Special excise duty on petrol was hiked by Rs 2 to Rs 8 per litre and to Rs 4 in case of diesel
Auto fuel prices may see a cut of another Rs 9-13 per litre over a fortnight if crude oil remains at same level
The government gives subsidy for 12 refills of 14 kg cylinder to those to those with annual income of more than Rs 10 lakh.
Petrol currently costs Rs 73.36 per litre in Delhi and diesel is priced at Rs 66.36 a litre
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In the international market, the crude oil registered a fall in its price after a rise in the previous two sessions while the Brent oil continued to trade above $60 per barrel
India depends on Saudi Arabia for a fifth of its oil imports and has been in constant touch with Kingdom officials on securing its supplies
Petrol price was increased by 25 paise per litre to Rs 72.42 and diesel by 24 paise to Rs 65.82 in the Delhi market, which is sort of a national benchmark