Accordingly, the pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on Thursday from previous day's level of Rs 110.04 a litre, remains at the same level on Friday.
With revenues set to exceed the annual target by Rs 2 trillion, a softer revenue loss that boosts consumption will provide immense relief, especially to lower income households
A cut in excise duty on petrol and diesel and the ensuing drop in retail selling price of these auto fuels should also help address inflation concerns to some extent, analysts said
Experts said the increase in consumption and tax buoyancy will help offset excise duty cuts on fuels to an extent
Excise duty on petrol and diesel to be reduced by Rs 5 and Rs 10 respectively from tomorrow
With a hike of 35 paise a litre, the price of petrol in Delhi rose to its highest-ever level of Rs 109.34 a litre. The price of diesel also saw a hike by 35 paise and took the fuel's rate to Rs 98.07
In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83
Diesel is expensive in these states as they levy the highest rates of Value Added Tax alongside cesses on auto fuels in the country
Petrol and diesel prices increased across the four metros on Sunday, with petrol price in the national capital crossing the Rs 95-per-litre mark.
Sales of everything from diesel to cooking fuels dropped during April 1-15 from a month earlier
Petrol now costs Rs 90.56 per litre in Delhi and a litre of diesel comes for Rs 80.87
Petrol now costs Rs 90.78 per litre in Delhi and a litre of diesel comes for Rs 81.10
Maharashtra Deputy Chief Minister Ajit Pawar on Wednesday demanded that petrol and diesel be brought under the Goods and Services Tax (GST)
Delhi Congress leaders and workers staged a protest near the BJP headquarters here on Tuesday against the rising prices of petrol, diesel and cooking gas.
While consumers feel the petrol pinch directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use
Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates
Petrol price crossed the Rs 99 a litre mark in Rajasthan on Sunday while diesel topped Rs 91 after rates were increased for the sixth day in a row. Petrol price was increased by 29 paise per litre and diesel by 32 paise, according to a price notification of state-owned fuel retailers. This pushed retail rates, which differ from state to state depending on incidence of local sales tax or VAT and freight charges, to their highest level. In the national capital, petrol climbed to Rs 88.73 a litre and diesel soared to Rs 79.06, the notification showed. Rajasthan, which levies the highest VAT on fuel in the country, had the highest petrol and diesel prices. In Sriganganagar town of the state, petrol soared to Rs 99.29 and diesel jumped to Rs 91.17 per litre. The Rajasthan government had late last month cut VAT on petrol and diesel by 2 per cent. Despite this, the state has the highest VAT at 36 per cent plus Rs 1,500 per kilolitre road cess on petrol. On diesel, the state levies 26 pe
Petrol crosses Rs 87 mark in New Delhi, diesel at Rs 77.48
Rates were raised for the third time this week
The price hike on Monday came after three days of unchanged rates.