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 – Excise Duty On Petrol, Diesel Hiked By 43% And 68% In 11

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Excise Duty On Petrol, Diesel Hiked By 43% And 68% In 11 Months

Excise duty on petrol and diesel was hiked 43 per cent and 68 per cent in 11 months

Excise duty on petrol and diesel went up by 43 per cent and 68.8 per cent respectively between March 2020 and February 2021, even as fuel prices have sky rocketed over the past few weeks to cross the Rs 100 per litre mark in all the four metros as well as in many cities across the country. 

The Centre collected Rs 1,01,598 crore through excise duty on petrol and Rs 2,33,296 crore through excise duty levy on diesel during 2020-21. 

The excise duty on petrol was Rs 22.98 per litre on March 14, 2020, just 10 days before the national lockdown was imposed due to the Coronavirus pandemic. It was raised by 43 per cent to Rs 32.90 per litre on February 2, 2021, when the infection was on a downward slide.

Similarly the excise duty on diesel was at Rs 18.83 per litre on March 14, 2020 while it was raised to Rs 31.80 per litre on February 2, 2021, a hike of 68.8 per cent.

The excise duty on petrol which is currently Rs 32.90 per litre, includes basic excise duty of Rs 1.40, road and infrastructure development cess of Rs 18, agriculture and infrastructure cess of Rs 2.50 and special additional excise duty of Rs 11 is included in it.

The current excise duty on diesel is Rs 31.80 per litre, which includes basic excise duty of Rs.1.80, road and infrastructure development cess of Rs18, agriculture and infrastructure development cess of Rs 4 and special additional excise duty of Rs 8.

The total excise duty incidence as percentage of retail selling on petrol and diesel is 32.4 per cent and 35.4 per cent respectively, as on July 16, 2021, according to official estimates. 

These details were provided by Petroleum Minister Hardeep Singh Puri in response to a question asked in Lok Sabha regarding the impact of the rising fuel prices on country’s economic recovery from Coronavirus pandemic.

The minister said that the revenue collected by levying these taxes is used in various developmental schemes of the Centre.

He said that over the last seven years, length of national highways have gone up by 50 per cent from 91,287 km (as on April 2014) to 1,37,625 km (as on 20 March 2021). Highway construction per day in India increased almost three times from 12 km per day in 2014-15 to 33.7 km per day in 2020-21.

The cess is used for infrastructure development and also generates employment, the minister claimed in his reply.

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Latest News Today – Centre Got Rs 94,181 Crore As Excise Duty Levy On

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Centre Got Rs 94,181 Crore As Excise Duty Levy On Petrol, Diesel In June Quarter

Centre has received record collections through excise duty levy on petrol and diesel

The Centre has collected Rs 94,181 crore through excise duty levy on petrol and diesel during the first quarter period of 2021-22.

Excise duty on petrol was hiked from Rs 19.98 per litre to Rs 32.9 in 2020-21 in order to take advantage of falling international crude prices, which had dipped sharply during the previous fiscal due to the Coronavirus pandemic which had erupted during that year.

This information was provided to the Lok Sabha through a written reply by Minister of State for Petroleum and Natural Gas Rameswar Teli to a slew of questions on rising petrol and diesel prices, which have crossed the Rs 100 mark in several states across the country.

Similarly the excise duty on diesel was also hiked to Rs 31.8 from Rs 15.83 a litre, according to the minister’s reply.

This led to excise collections on petrol and diesel jumping to Rs 3.35 lakh crore in 2020-21 (April 2020 to March 2021), from Rs 1.78 lakh crore a year back, he said.

Collections would have been higher but for fuel sales falling due to lockdown and other restrictions imposed to curb the spread of the coronavirus pandemic, which muted economic activity and stalled mobility, the minister further added in the reply.

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Latest News Today – Petrol, Diesel Prices Remain Steady On Saturday Across

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Petrol, Diesel Rates Steady On Saturday Across Metros: Check Prices Here

Petrol and Diesel Rate today in Delhi, Kolkata, Chennai, Mumbai: Fuel rates were unchanged today

Petrol, Diesel Price Today: Petrol and diesel prices remained unchanged across the four metros on Saturday, June 19, according to data by the Indian Oil Corporation. In Delhi, petrol is being sold at Rs 96.93 per litre, after being hiked by 27 paise yesterday. Diesel is retailed at Rs 87.69 per lire, after being increased by 28 paise yesterday. In Mumbai, the revised rates of petrol and diesel are Rs 103.08 per litre and Rs 95.14 per litre respectively. 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 – Indian Oil Corporation (IOC), Bharat Petroleum, and Hindustan Petroleum align the rates of domestic fuel with that of the global crude oil prices by taking into account any changes in foreign exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day. 

Meanwhile, on Friday, June 18, brent crude futures, the global oil benchmark, fell 0.64 per cent to $ 72.61 per barrel. The rupee gained 22 paise to settle at 73.86 against the US dollar yesterday, snapping its eight-session losing streak.

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Latest News Today – After Petrol, Diesel Nears Rs 100 Mark In Rajasthan

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After Petrol, Diesel Nears Rs 100 Mark In Rajasthan

After petrol, diesel price in Rajasthan nearing Rs 100 mark

While petrol prices have already crossed the Rs 100 per litre barrier in Rajasthan, now even diesel is nearing the century mark in the state, as oil firms raised fuel prices yet again on Monday.

Petrol price was hiked by 28 paise per litre and diesel by 27 paise, according to a price notification of state-owned fuel retailers.

The hike – the 21st since May 4 – took fuel prices across the country to historic highs.

Petrol is retailing above the Rs 100 per litre mark in six states and union territories – Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana and Ladakh.

In Delhi, petrol hit an all-time high of Rs 95.31 a litre, while diesel is now priced at Rs 86.22 per litre.
Fuel prices differ from state to state depending on the incidence of local taxes such as value added tax or VAT and freight charges.

Sri Ganganagar district of Rajasthan near the border with Pakistan has the costliest fuel in the country – petrol is priced at Rs 106.39 a litre and diesel at Rs 99.24.

Retail prices have risen after an increase in international oil prices on investors’ optimism that improving demand and a dwindling supply glut may mean the market can absorb any additional production from OPEC and its allies.

Brent crude, the global oil price benchmark, is nearing $72 per barrel for the first time in two years.
Rajasthan levies the highest VAT on petrol and diesel in the country, followed by Madhya Pradesh, Maharashtra, Andhra Pradesh and Telangana.

Mumbai on May 29 became the first metro in the country where petrol was being sold at over Rs 100 a litre. Petrol now costs Rs 101.52 in the city and diesel comes for Rs 93.58.

Oil companies revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15 days, and foreign exchange rates.

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Latest News Today – Petrol, Diesel Rates Steady On Saturday A Day After

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Petrol, Diesel Rates Steady On Saturday Across All Metros

Petrol and Diesel Rate today in Delhi, Kolkata, Chennai, Mumbai: Fuel prices remained steady

Petrol, diesel prices today: Petrol and diesel prices were unchanged across the four metros on Saturday, June 5, 2021, a day after being hiked. In the national capital, petrol is being sold at Rs 94.76 per litre, and diesel is priced at Rs 85.66 per litre, according to Indian Oil Corporation. So far, fuel rates have been hiked 18 times since May 4, 2021. Petrol had crossed the Rs 100-mark in Mumbai on May 29 and currently stands at Rs 100.98 per litre, while diesel is retailed at Rs 92.99 per litre in the financial capital.

Petrol rates had already crossed the Rs 100-mark in various cities of Madhya Pradesh and Rajasthan. Fuel rates vary across the states in the country due to value-added tax or VAT. State-run oil refiners had hiked petrol and diesel prices on May 4, ending an 18-day hiatus in rate revision observed during the assembly elections held in states such as Tamil Nadu, West Bengal, among others. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)
 

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

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

Meanwhile, on Friday, June 4, Brent crude futures, the global oil benchmark, rose 0.49 per cent to $ 71.66 per barrel. The rupee declined eight paise against the US dollar to settle at 72.99 (provisional) on Friday.

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Latest News Today – Petrol, Diesel Prices Remain Steady On Saturday, Check

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Petrol, Diesel Prices Steady On Saturday: Check Latest Rates Here

Fuel Rates Today: Both petrol and diesel prices remained steady today

Petrol, diesel prices today: Petrol and diesel prices remained steady on Saturday, May 15, a day after being hiked across all metro cities. In Delhi, petrol is being sold at Rs 92.34 per litre, and diesel is priced at Rs 82.95 per litre, according to Indian Oil Corporation. Currently, petrol and diesel prices are highest in Mumbai. In Mumbai, petrol is being sold at Rs 98.65 per litre, and diesel is retailed at Rs 90.11 per litre, according to the state-run oil refiner. Petrol and diesel prices vary across states due to the value-added tax or VAT. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)

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

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

Meanwhile, the rupee gained13 paise against the US dollar on Friday, May 14, to settle at 73.29 (provisional). Brent crude futures, the global oil benchmark, rose one per cent to $ 67.72 per barrel.

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Latest News Today – Petrol, Diesel Prices Unchanged For 14 Days In A Row

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Petrol Diesel Prices Unchanged For 14 Days In A Row

Petrol Diesel Prices: Fuel rates in all four metro cities have remain steady for 14 days

Petrol, Diesel Prices Today: Petrol and diesel prices remained steady on Tuesday, April 13, across the four metro cities. Fuel rates have remained unchanged consecutively for 14 days in a row. In the national capital, petrol is being sold at Rs 90.56 per litre, while diesel prices were the same at Rs 80.87 per litre, according to the Indian Oil Corporation. Presently, fuel prices are the highest in Mumbai among all four metros, where etrol is being sold at Rs 96.98 per litre, and diesel is priced at Rs 87.96 per litre, according to the state-run oil refiner. Petrol and diesel rates vary across states due to value-added tax (VAT). (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)

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

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

Meanwhile, according to news agency Reuters, global oil prices rose on Tuesday after strong Chinese import data. Brent crude oil futures were up 25 cents, or 0.4 per cent, at $63.53 a barrel earlier today, while U.S. crude oil futures gained 14 cents, or 0.2 per cent, to $59.84 a barrel. 

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Latest News Today – Petrol, Diesel Prices Remain Unchanged On Friday Check

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Petrol, Diesel Rates Steady Across All Metro Cities On Friday

Fuel Rates Today: Both petrol and diesel prices remained steady today

Petrol Diesel Rates Today: Petrol and diesel rates remained unchanged across the four metros on Friday, April 9, 2021. In the national capital, petrol prices were the same as the day before, at Rs 90.56 per litre and diesel too was unchanged at Rs 80.87 per litre, according to data from the Indian Oil Corporation. Currently, fuel prices are the highest in Mumbai among all four metro cities. In Mumbai, petrol is being sold at Rs 96.98 per litre and diesel at Rs 87.96 per litre, according to the state-run oil refiner. Petrol and diesel rates vary across states due to value-added tax (VAT).
 

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

State-run oil marketing firms – Indian Oil Corporation, Bharat Petroleum, as well as Hindustan Petroleum – align the prices of domestic fuel with global crude rates according to the changes in foreign exchange rates, if any. New changes in fuel rates are implemented with effect from 6 am each day. 

Meanwhile, the rupee registered losses for the fifth straight session and settled at 74.73 against the dollar. Brent crude futures, the global oil benchmark, was trading 0.30 per cent down at $ 63.01 per barrel. 

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Latest News Today – Petrol, Diesel Prices Remain Unchanged On Thursday Check

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Petrol, Diesel Rates Steady Across All Metro Cities On Friday

Fuel Rates Today: Both petrol and diesel prices remained steady today

Petrol Diesel Rates Today: Petrol and diesel rates remained unchanged across the four metros on Friday, April 9, 2021. In the national capital, petrol prices were the same as the day before, at Rs 90.56 per litre and diesel too was unchanged at Rs 80.87 per litre, according to data from the Indian Oil Corporation. Currently, fuel prices are the highest in Mumbai among all four metro cities. In Mumbai, petrol is being sold at Rs 96.98 per litre and diesel at Rs 87.96 per litre, according to the state-run oil refiner. Petrol and diesel rates vary across states due to value-added tax (VAT).
 

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

State-run oil marketing firms – Indian Oil Corporation, Bharat Petroleum, as well as Hindustan Petroleum – align the prices of domestic fuel with global crude rates according to the changes in foreign exchange rates, if any. New changes in fuel rates are implemented with effect from 6 am each day. 

Meanwhile, the rupee registered losses for the fifth straight session and settled at 74.73 against the dollar. Brent crude futures, the global oil benchmark, was trading 0.30 per cent down at $ 63.01 per barrel. 

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