Petrol and diesel prices in Delhi touched new all-time highs on Thursday with oil marketing companies (OMCs) raising pump prices by 35 paise a litre.
The government on Monday imposed agriculture and infrastructure development cess at the rate of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel to mobilise additional resources required for massive investment required in these two key segments of the economy that hold the key to bringing back the country on the path of growth.
The Rajasthan government has reduces VAT on diesel and petrol by 2 per cent each. After the reduction, 36 per cent VAT applicable on petrol and 26 per cent on diesel.
Across the country, the fuel prices increased sharply but its rise at retail level varied state-to-state depending on the quantum of taxes in each state.
Petrol price on Tuesday edged past Rs 86 a litre mark in the national capital and diesel soared above Rs 76 after rates witnessed maximum increase in the last one year.
Petrol and diesel prices on Saturday surged again in India and Bhopal witnessed hike in the rates of fuels with ₹93.59 per litre and Rs 83.85 per litre respectively.
Petrol in Delhi has touched all-time high and costs Rs 85.45 per litre while diesel is retailing at Rs 75.63 per litre, 25 paisa more than the previous price, as per data from Indian Oil Corporation website.
Petrol price in the national capital neared the Rs 85 a litre mark while diesel rates in Mumbai were close to Rs 82 as fuel prices were raised by 25 paise per litre each on Monday.
Fuel prices touched a new high on Wednesday after oil marketing companies decided to break the momentary pause in the wake of a sudden spike in the global oil prices.
Fuel prices have reached all-time high on Thursday after oil marketing companies hiked the rates. Petrol is retailing at Rs 84.20 per litre in Delhi.
Oil marketing companies continued to hold back any change in retail price of petrol and diesel continuing with their wait and watch stance that has kept the prices of two auto fuels static for past 12 days.
The oil marketing companies have hiked the fuel prices around Rs 2 and Rs 3.50 respectively, which have risen by a quarter since early November. Diesel is currently retailing at Rs 73.87 per litre in the capital, while petrol is retailing at Rs 83.71 per litre in Delhi.
Petrol and diesel prices rose for the sixth day in a row on Monday as rates went up by 26-30 paise per litre.
Petrol price on Sunday was hiked by 28 paise per litre and diesel by 29 paise, the fifth straight day of increase in rates due to firming international oil prices. Petrol price in Delhi rose to Rs 83.41 per litre from Rs 83.13. Diesel rates went up from Rs 73.32 to Rs 73.61 per litre. Rates crossed Rs 90-mark for petrol and Rs 80 in case of diesel in Mumbai.
Petrol price on Saturday was raised by 27 paise per litre and diesel by 25 paise, according to a price notification of oil marketing companies.
Petrol price in Delhi rose to Rs 82.86 per litre from Rs 82.66. Diesel rate went up from Rs 72.84 to Rs 73.07 per litre.
Petrol price on Monday was hiked by 7 paise per litre and diesel by 18 paise for the fourth straight day as the international oil rates broke a nearly two-month-long hiatus in price revision.
With the price revision, the retail price of both the auto fuels has also been increased across the country but the level of increase is different across the cities due to variable taxation structure pursued by the states.
Petrol price on Friday was hiked by 17 paise per litre and diesel by 22 paise, as firming international oil prices broke a nearly two-month-long hiatus in price revision.
UK Prime Minister Boris Johnson on Wednesday unveiled plans for a new Green Industrial Revolution for the country, including a ban on the sale of new petrol and diesel cars by 2030 and new measures to become a world leader in carbon capture.
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