Latest News Today – Petrol, Diesel Prices Remain Unchanged For 14th

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Petrol And Diesel Prices Remain Unchanged For 14th Consecutive Day

Petrol, diesel prices remain unchanged for 14th consecutive day

Petrol, Diesel Price Today: Petrol and diesel prices remained unchanged across the four metro cities for the 14th consecutive day on Sunday, August 1. In the national capital, petrol prices were steady at Rs 101.84 per litre and diesel rates were unchanged at Rs 89.87 per litre, according to data by Indian Oil Corporation. In Mumbai, petrol prices stood at Rs 107.83 per litre and diesel is retailed at Rs 97.45 per litre. (Also Read:How To Check Latest Petrol And Diesel Rates In Your City). 

Currently, among the four metro cities, petrol and diesel prices are the highest in Mumbai, according to the state-run oil refiner. Fuel rates vary across the states due to value-added tax.

State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise fuel rates on a daily basis, considering crude oil prices in the international markets and the rupee-dollar exchange rates. Any changes in petrol, diesel prices are implemented with effect from 6 am every day.  

Here are the petrol and diesel price across the metro cities:

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Latest News Today – Fuel Prices Remain Unchanged Across Metros

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No Change In Petrol, Diesel Rates For 8th Consecutive Day

Petrol and Diesel Rates today in Delhi, Kolkata, Chennai, Mumbai: Fuel rates remained steady

Petrol, Diesel Price Today: Petrol and diesel prices remained unchanged across the four metro cities for the eighth consecutive day on Sunday, July 25. In the national capital, petrol prices were steady at Rs 101.84 per litre and diesel rates were unchanged at Rs 89.87 per litre, according to Indian Oil Corporation. In Mumbai, petrol prices stood at Rs 107.83 per litre, and diesel is retailed at Rs 97.45 per litre. (Also Read:How To Check Latest Petrol And Diesel Rates In Your City). 

Currently, among the four metro cities, petrol and diesel prices are the highest in Mumbai, according to the state-run oil refiner. Fuel rates vary across the states due to value-added tax.

Here are the petrol and diesel price across the metro cities:

Petrol and diesel rates are revised by state-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum on a daily basis, considering crude oil prices in the international markets and rupee-dollar exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day. 

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Latest News Today – Fuel Rates Remain Unchanged Across Metros

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Fuel Rates Remain Unchanged on Sunday, July 18, 2021

Petrol and Diesel Rates Today In Delhi, Kolkata, Chennai, Mumbai: Fuel prices remained unchanged

Petrol, Diesel Price Today: Petrol and diesel prices remained unchanged on Sunday, July 18 across the four metro cities, a day after they were hiked on July 17. On Saturday, petrol rates were hiked by 30 paise from Rs 101.54 to Rs 101.84 per litre, while diesel rates remained steady at Rs 89.87 in the national capital, according to Indian Oil Corporation. In Mumbai, the revised petrol prices stood at Rs 107.83 per litre, and diesel at Rs 97.45 after the hike on Saturday. (Also Read:How To Check Latest Petrol And Diesel Rates In Your City). 

Currently, among the four metros, petrol and diesel prices are the highest in Mumbai, according to the state-run oil refiner. Fuel rates vary across the states in India due to value-added tax. 

Here are the petrol and diesel price across the metro cities:

Petrol and diesel rates are revised by state-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum on a daily basis, considering crude oil prices in the international markets and rupee-dollar exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day. 

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Latest News Today – Fuel Prices Hiked After Two Days

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Petrol, Diesel Prices Hiked After Two Days On Sunday

Petrol and diesel rates today in Delhi, Kolkata, Chennai, Mumbai: Fuel prices hiked after two days

Petrol, Diesel Price Today: Petrol and diesel prices were hiked across the four metro cities on Sunday, July 4, according to data released by the Indian Oil Corporation (IOC). In the national capital, petrol prices are gradually inching towards the century mark as they were hiked by 35 paise to stand at Rs 99.51 per litre. Diesel prices too were hiked by 18 paise in the national capital to reach Rs 89.36 per litre.

In Mumbai, fuel prices continue to reach new heights as petrol is now priced at Rs 105.58 per litre after a 34 paise hike while diesel went up by 19 paise to reach Rs 96.91 per litre. 

While this is the second time that fuel prices have been raised in July, they were hiked 16 times in June, according to the information provided by the state-run oil refiner. Fuel rates vary across the states in India due to value-added tax. (Also Read:How To Check Latest Petrol And Diesel Rates In Your City)

Here are the latest petrol and diesel prices across the four metro cities:

The state-run oil marketing companies – Bharat Petroleum, Indian Oil, and Hindustan Petroleum align the rates of domestic fuel with that of the global crude oil prices by taking into account any changes in the foreign exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day. 

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Latest News Today – Petrol, Diesel Prices Kept Unchanged On Friday

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Petrol, Diesel Prices Kept Unchanged On Friday

In Mumbai, the petrol and diesel prices stood at Rs 96.98 per litre and Rs 87.96 per litre

Petrol, Diesel Prices Today: Petrol and diesel prices were kept unchanged across the four metros on Friday, April 2. In Delhi, petrol rates were steady at Rs 90.56 per litre and diesel was untouched at Rs 80.87 per litre, according to Indian Oil Corporation. In Mumbai, the petrol and diesel prices stood at Rs 96.98 per litre and Rs 87.96 per litre, according to the state-run oil refiner. The fuel rates in Mumbai are currently the highest among all the four metros.

Here are the latest petrol and diesel prices across the four metros:

State-run oil marketing companies – Bharat Petroleum, Indian Oil Corporation and Hindustan Petroleum – align the prices of domestic fuel with global crude rates by taking into account any alterations in the foreign exchange rates. Any changes in fuel rates are implemented with effect from 6 am each day.

Meanwhile, oil prices rose about 1 per cent on Thursday after preliminary news that OPEC+ reached a deal to gradually ease production cuts from May.

Brent crude rose 42 cents, or 0.7 per cent, to $63.16 a barrel. US oil was up 59 cents, or 1 per cent, at $59.75 a barrel.

OPEC+, which comprises the Organization of the Petroleum Exporting Countries, Russia and other allied producers, is considering increasing output by 350,000 barrels per day in May, 350,000 bpd in June and 400,000 bpd in July, two sources told Reuters.

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VAT’s burning a hole in your pocket: Telangana 2nd in | Hyderabad News

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HYDERABAD: A close scan of VAT (value-added tax) levied by states in the country shows that Telangana has the second-highest VAT for both petrol and diesel in the country.

With petrol price hovering at Rs 94.18 and diesel at Rs 88. 31 per litre, experts said the high VAT will lead to additional cost for consumers each time there is a change in base price by oil companies. Currently, the state is charging 35.2% as VAT for petrol per litre and 27% for diesel per litre.
Rajasthan leads in the country with the highest tax across the country at 36% VAT on petrol and Rs 1,500 per kilo litre as road development cess.
Odisha is the top state in having the highest VAT on diesel with 28% followed by Telangana with 27%.
Karnataka closely follows Telangana with 35% tax on petrol, while Andhra Pradesh, Assam, Delhi, Kerala and Madhya Pradesh are other states which have more than 30% VAT on petrol per litre.
In case of diesel, Rajasthan and Chhattisgarh are the only states having more than 25% VAT along with Telangana.
Earlier, Telangana used to levy about 33% tax on petrol and additional Rs 4 as additional tax. But some time back the state adjusted the tax to only 35% without additional tax.
Applying the present rate and VAT% of diesel and petrol, consumers are paying Rs 17.79 and Rs 23.06 per litre respectively to the state government directly. Though excise duty levied by the central government on per litre petrol is constant at Rs 32.90 and Rs 31.80 for diesel, the VAT levied by state governments goes up each time there is a base price change and consumers are forced to shell out extra.
Industry sources say the small change in the price in the last one week helped Telangana earn Rs 100 crore.
But there is a flip side to it also.
“Because of the high VAT on diesel, states will lose the volume of sales to other states. For example, Karnataka has high VAT on petrol but due to less VAT on diesel, it is able to attract diesel buyers (mostly transport vehicles) from other states. This will dent the state’s income as well as petrol bunk sales,” a source privy to the development said.

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Petrol, Diesel Prices Remain Unchanged On Sunday Check | Sidnaz Blog

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Petrol, Diesel Prices Remain Unchanged On Sunday

Fuel Prices: Domestic petrol and diesel prices vary across states due to value added tax (VAT).

Petrol, Diesel Prices Today: Petrol and diesel prices in the metros remained unchanged for the fourth consecutive day, on Sunday, January 31. In the national capital, the price of petrol remained unchanged at Rs 86.30 per litre and diesel was steady at Rs 76.48 per litre, according to Indian Oil Corporation, the country’s largest fuel retailer. Meanwhile, in Mumbai, the petrol and diesel prices are at Rs 92.86 per litre and Rs 83.30 per litre respectively, the highest among all four metros. (Also ReadHow To Check Latest Petrol And Diesel Rates In Your City)

Here are the current prices of petrol and diesel (in rupees per litre):

City Petrol Diesel
Delhi 86.30 76.48
Mumbai 92.86 83.30
Chennai 88.82 81.71
Kolkata 87.69 80.08
Source: Indian Oil

Petrol and diesel prices have recorded an upswing since January 6, 2021, after staying unchanged for almost a month. Fuel rates have increased amid a rally in global crude oil prices, with COVID-19 vaccination drives beginning across the world. 

Oil marketing companies  – Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum align the prices of domestic fuel with the global benchmarks, by taking into account any alterations in the foreign exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day. The fuel rates vary from state to state across the country due to the value-added tax or VAT.

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On Friday, January 29, brent crude futures, the global oil benchmark, rose 0.41 per cent to $55.76 per barrel.

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