Petrol and diesel prices are up again after three days of stabilization. Petrol costs 35 paise and diesel 15 paise higher. But for the first time since April 15, diesel prices have been slashed by 15 paise per liter on Monday. Crude oil prices fell more than 2% in the international market. Due to this increase, petrol has been priced at Rs 11.14 per liter since May 4 and diesel Rs 9.14 per liter. Oil prices have been under fire since a day after the results of the five assembly elections were announced. Petrol in Delhi is now priced at Rs 101.54 per liter and diesel at Rs 89.87. The retail prices of both fuels are different due to differences in state taxes and local charges in other cities.
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International oil prices have been showing volatility since Monday last week, when it hit a high of 77.16 a barrel. Brent crude fell 2.26% to $ 74.76 a barrel on Wednesday, while US West Texas Intermediate (WTI) fell 2.82%. Reached 73.13. The international oil market softened further on Thursday as Brent fell 0.79% to close the day’s trading at 1 74.17. International oil prices affect the pump rates of auto fuels. This is because India imports more than 80% of crude oil.
Tax on petrol and diesel hit
In addition, there are still many reasons for the price of petrol and diesel. According to official figures of July 1, the tax on petrol in Delhi is 33.29 per cent and 23.07 per cent from the state government. Similarly, as excise duty on diesel, the central government levies more than 35.66 per cent, while the state government levies about 14.62 per cent.
Patrol is invincible by earning centuries in these states
Continuous fuel price hikes since May 4 have crossed 100 in many states and union territories. Of these, Maharashtra, Rajasthan, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Odisha, Manipur, Jammu & Kashmir, Ladakh, Punjab, Bihar, Kerala, Tamil Nadu, West Bengal, Hatthattisgarh and Nagaland have been around for a century.
Petrol crosses 100 of these cities
Mumbai, Shri Ganganagar, Reva, Ratnagiri, Parbhani, u Rangabad, Jaisalmer, Ganganagar, Banswara, Indore, Bhopal, Gwalior, Guntur, Kakinada, Chikmagalur, Shivamogga, Hyderabad, Leh, Imphal, Talaham, Daham, Dahab, Dahab Kohima.
The government regulated petrol on 26 June 2010 and diesel prices on 19 October 2014. Since then, government companies have been free to change petrol and diesel prices every day. Public sector retailers IOC, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) control nearly 90% of the domestic energy retail market.