New Delhi: Petrol and diesel took a month’s break from their price hike rally that made the lives of citizens miserable. July 16 was the last time when oil marketing companies revised the pricing of motor fuels.
The last price hike took the pricing of petrol in Delhi near Rs. 102 per litre. Currently, a litre of petrol and disesel in Delhi cost Rs 101.84 and 89.87 respectively.
Petrol prices in other metro cities are also above Rs 100. One litre of petrol and diesel prices are Rs 107.83 and 97.45, in Mumbai.
Mumbai was the first metro city in India where petrol reached Rs 100 for one litre.
In Kolkata, petrol and diesel are selling at Rs 102.08 and Rs 93.02 for one litre respectively.
One litre of petrol and diesel are availale at Rs 99.47 and Rs 94.39, in Chennai.
Fuel prices changes from state to state depending on the incidence of freight charges and excise duty by the central government, the state government imposed VAT, dealer commission.
There have been demands from various stakeholders to reduce customs duty to give relief to consumers. However, the central government denied reducing the tax. Also, several stakeholders demanded the petrol and diesel prices should be under the ambit of GST.
Per litre petrol prices were hiked by Rs 3.83, Rs 4.58 and Rs 2.73 respectively, in May, June and July. The diesel price rose by Rs 4.42 a litre in May, Rs 4.03 in June and Rs 0.69 in July. In April, petrol and diesel prices were revised down by Rs 0.16 and Rs 0.14 a litre, respectively.
