Fuel prices continue upward march, petrol at Rs 70.47/ltr in Delhi
Business | January 17, 2019 9:21 ISTWith petroleum products being outside the GST regime, prices vary as a result of local taxes.
With petroleum products being outside the GST regime, prices vary as a result of local taxes.
State-run oil marketing companies increased petrol rates by 38 paise per litre on Monday, while diesel prices were raised by 49-52 paise across the four major metros.
Prices vary from region to region due to local taxes, as the products are excluded from the GST regime. Delhi has the lowest tax rate among the four metros.
Beginning October 18, international oil prices have been falling and rupee has also appreciated.
Fuel prices touched their record high of Rs 84 per litre for petrol and Rs 75.45 a litre for diesel in the previous month.
Likewise, in Mumbai, for petrol and diesel, you have to pay Rs 84.68 per litre (decrease by Rs 0.18) and Rs 77.18 per litre (decrease by Rs 0.14), respectively.
Likewise, in Mumbai, for petrol and diesel, you have to pay Rs 84.86 per litre (decreased by Rs 0.16) and Rs 77.32 per litre, respectively.
The rates are off their record high of Rs 84 per litre for petrol and Rs 75.45 a litre for diesel touched on October 4.
In comparison to Delhi, fuel rates in bordering states like Uttar Pradesh and Haryana are cheaper, he said.
Delhi: Around 400 petrol pumps along with linked CNG dispensing units to remain shut today.
In Mumbai, petrol and diesel prices reached Rs 88.29 per litre (increased by Rs 0.11) and Rs 79.35 per litre (increased by Rs 0.24) respectively.
Bordering states like Uttar Pradesh and Haryana have reduced VAT, said the association.
The prime minister flagged concerns of consuming nations like India over high crude oil prices that have already sent retail petrol, diesel and LPG rates to record highs, sources with direct knowledge of the development told PTI.
The meeting, coordinated by the NITI Aayog, is likely to focus on challenges posed by volatile oil prices and the US sanctions on Iran.
As fuel prices rise, PM Narendra Modi to meet global oil CEOs today
The meeting, coordinated by the NITI Aayog, is likely to focus on challenges posed by volatile oil prices and the US sanctions on Iran.
On Friday, amidst rising fuel prices despite an excise cut on petrol and diesel last week, Prime Minister Narendra Modi held a review meeting with Petroleum Minister Dharmendra Pradhan and Finance Minister Arun Jaitley.
Kurukshetra | October 12, 2018: Is govt cheating the aam aadmi over fuel prices?
Earlier on Sunday, oil-marketing companies increased the prices of petrol and diesel across the four metro cities.
Fuel hike issue is a biggest challenge for PM Modi ahead of 2019 Polls, says Swami Ramdev
Live Scorecard
Top News
Latest News
