Petrol, diesel prices hiked again, up by 30 paise per litre
Petrol and diesel prices witnessed new highs on Friday as state-run oil marketing companies (OMCs) once again raised the fuel rates by 30 paise a litre each in the National Capital Region (NCR) and other cities. Diesel prices are currently retailing at Rs.77.13 a litre in NCR. In Mumbai, diesel retailed at Rs.83.99 per litre and petrol at Rs.93.49 a litre. Friday’s rise marked a slight decrease from Thursday’s hike by 35 paise per litre each for petrol and diesel after a week’s gap.
On Wednesday, Union oil minister Dharmendra Pradhan told the Rajya Sabha in a written reply that excise duty levied by the Central government accounts for ₹32.98 per litre of the price of petrol in Delhi and sales tax or Value Added Tax (VAT) of the state government constitutes ₹19.55.
International oil prices have improved following the Organization of the Petroleum Exporting Countries (Opec)-plus countries decision to continue with supply curb following their meeting on February 3. Since India imports 83% of its oil supply from Opec.
