There was no change in the prices of petrol and diesel in various cities of the country including the national capital Delhi, Mumbai, Kolkata etc. on Wednesday.
At present, the price of 1 liter of petrol in Delhi is 103.97 per liter and diesel rate 86.67 per liter.
Petrol and diesel prices remain stable in the country’s financial capital 109.98/Litre and 94.14 per liter respectively.
For Kolkata and Chennai, the price of petrol and diesel 104.67 more 89.79 more 101.40 more 91.43 in Chennai respectively.
In Bangalore, petrol is available 100.58 per liter and on diesel 85.01 and now in Hyderabad one liter of petrol is available 108.20 and the price of diesel 94.62 for one liter diesel.
Prices vary from state to state, depending on local taxes and the cost of transportation.
According to the Ministry of Petroleum and Natural Gas, following the reduction, 23 states/UTs have also reduced VAT on petrol and diesel to provide relief to consumers.
Meanwhile, the overall incidence of taxes on petrol has gone up to 50 per cent and diesel to 40 per cent after the central government reduced excise duty, and there is a slightly higher proportion in states that have also cut local sales tax. Or VAT on fuel.
Moreover, India’s fuel demand hit a seven-month peak in October, with gasoline sales hitting an all-time high, government data showed on Tuesday, as festivals boosted dynamism and growth in the world’s third-largest oil consumer. Promoted economic activities.
Fuel consumption, a proxy for oil demand, rose 12% from September last month to 17.87 million tonnes. Data from the Petroleum Planning and Analysis Cell (PPAC) shows that it was up 0.8% from the same period last year and up 3% from October 2019.
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