The fuel prices across the country seem to be stable since past one week due to the coronavirus outbreak
Petrol costs Rs 69.59 per litre in New Delhi, Rs 72.29 in Kolkata, while in Mumbai, the petrol is priced at Rs 75.30.
Even if the daily price cut on petrol and diesel remains between 15 and 30 paisa till April 1, the marketing margin will remain high at Rs 8-10 per litre.
Special excise duty on petrol was hiked by Rs 2 to Rs 8 per litre and to Rs 4 in case of diesel
Auto fuel prices may see a cut of another Rs 9-13 per litre over a fortnight if crude oil remains at same level
The government gives subsidy for 12 refills of 14 kg cylinder to those to those with annual income of more than Rs 10 lakh.
Petrol currently costs Rs 73.36 per litre in Delhi and diesel is priced at Rs 66.36 a litre
From NCLAT setback for Tatas to expansion of services PM, read all the top headlines here
US President Donald Trump on Sunday warned of a "major retaliation" against Tehran after it threatened revenge for the killing
In the international market, the crude oil registered a fall in its price after a rise in the previous two sessions while the Brent oil continued to trade above $60 per barrel
India depends on Saudi Arabia for a fifth of its oil imports and has been in constant touch with Kingdom officials on securing its supplies
Petrol price was increased by 25 paise per litre to Rs 72.42 and diesel by 24 paise to Rs 65.82 in the Delhi market, which is sort of a national benchmark
The hike is likely to earn Rs 250 to 300 crore to the state exchequer
The collection on account of cess on diesel and petrol yielded the government Rs 1.13 trillion in 2018-19 and is estimated to bring in Rs 1.27 trillion in 2019-20
On January 7, the petrol price was hiked by 21 paise and diesel by 8 paise. Rates were unchanged on January 8 and 9
The increase in the state tax, however, drew flak from the opposition BJP, whose legislator Arvind Limbavalli from the city's northeast Mahadevapura assembly segment termed it daylight robbery
In all, petrol price has fallen by Rs 13.79 per litre since October 18, more than negating all of the hike that was witnessed in the two-month period beginning mid-August
The SAD's demand comes days after the Centre announced a Rs 2.50 a litre cut in the petrol and diesel prices
The recent surge in transportation fuel prices comes amidst rising global crude oil prices and other factors
Fuel prices have been witnessing a steep rise since the past few weeks