Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and diesel remained unchanged for the third consecutive day on Friday, April 2, 2021. The cost of petrol and diesel have been final changed on March 30, 2021, exactly where petrol cost was reduce by 22 paise per litre and diesel by 23 paise in Delhi. In the national capital Delhi, petrol was readily available for Rs 90.56 per litre, when diesel in the city was priced at Rs 80.87 per litre. The oil advertising and marketing firms — Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL), which personal about 90 per cent of India’s retail fuel outlets, revise the fuel costs everyday based on a 15-day rolling typical of benchmark fuel in the international marketplace and foreign exchange prices.
In the economic capital Mumbai, petrol is retailing at Rs 96.98, when diesel charges Rs 87.96 per liter, according to the information readily available on the Indian Oil Corporation’s site. The divergence in costs among Delhi and Mumbai is owing to various costs in various cities. Petrol and diesel costs are fixed on the basis of freight charges, nearby taxes, and VAT. Petrol costs crossed the Rs one hundred mark in some cities in Rajasthan, Madhya Pradesh and Maharashtra in February, but with the fall in international oil costs, retail prices have come down. India is 85 per cent dependent on imports to meet its oil requires. It might be noted that costs have gone up by a record Rs 21.58 per litre for petrol because the government raised excise duty in March 2020, when diesel costs had elevated by Rs 19.18 a litre.
Petrol, diesel costs in Bangalore, Chennai, Hyderabad, UP, Punjab, Haryana, Kolkata, Pune, Noida
*Chennai: Petrol costs – Rs 92.58 per litre Diesel costs – Rs 85.88 per litre
*Kolkata: Petrol costs – Rs 90.77 per litre Diesel costs – Rs 83.75 per litre
*Pune: Petrol costs – Rs 96.62 per litre Diesel costs – Rs 86.27 per litre
*Bengaluru: Petrol costs – Rs 93.59 per litre Diesel costs – Rs 85.75 per litre
*Hyderabad: Petrol costs – Rs 94.16 per litre Diesel costs – Rs 88.20 per litre
*Noida (UP): Petrol costs – 88.91 per litre Diesel costs – Rs 81.33 per litre
*Mohali (Punjab): Petrol costs – Rs 92.45 per litre Diesel costs – 83.43 per litre
*Chandigarh: Petrol costs – Rs 87.14 per litre Diesel costs – Rs 80.57 per litre
*Gurugram (Haryana): Petrol costs – Rs 88.52 per litre Diesel costs – Rs 81.45 per litre
Taxes make up for 60% of petrol cost in Delhi
Last month, Anurag Singh Thakur, Minister of State, in a written reply to a query in the Lok Sabha, informed that the collections on petrol and diesel rose to Rs 2.94 lakh crore in the initial 10 months of the existing fiscal (2020-21). While central government’s tax collections on petrol and diesel have jumped more than 300 per cent in the final six years as excise duty on the two fuels was hiked. He also mentioned that the taxes collected on petrol, diesel and all-natural gas as a percentage of total income have gone up from 5.4 per cent in 2014-15 to 12.2 per cent this fiscal. Excise duty on petrol has been raised to Rs 32.90 a litre now from Rs 9.48 per litre in 2014. While the similar on diesel has been elevated to Rs 31.80 from Rs 3.56 a litre. Taxes make up for 60 per cent of the present retail cost of petrol in Delhi. Excise duty tends to make up for 36 per cent of the retail cost. Over 53 per cent of the retail promoting cost of diesel in the national capital is created up of taxes. As a great deal as 39 per cent of the retail cost comprises central excise.