Petrol and diesel prices remained unchanged on April 9.
Highlight
- There has been no change in the prices of petrol and diesel for three consecutive days.
- Fuel has become costlier by Rs 10 due to continuous price hike since March 22
- Know how much amount you are paying as tax while buying petrol and diesel above Rs 100
Petrol and diesel prices have been stable for three consecutive days. It looks like some kind of relief as the cost has been trending upward over the past few days. Petrol has become costlier by Rs 10 per liter due to the continuous increase since March 22.
We must understand that though the prices have been stable for three consecutive days, petrol and diesel are being sold at different rates in different states. Surprisingly, a person pays Rs 65 tax on petrol worth Rs 100 in Maharashtra and Andhra Pradesh. The figures of other states will also surprise you.
In Madhya Pradesh and Kerala, you have to pay around Rs 61 for Rs 100, Rs 60 in Rajasthan, Rs 55 in Chhattisgarh-Karnataka and Rs 54 in West Bengal.
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Similarly, Rs 100 in Punjab, Rs 52 in Bihar-Jharkhand, Rs 50 in Jammu and Kashmir, Rs 48 in UP and Rs 46 in Gujarat. This includes taxes from both the central and state governments.
According to IOCL, on April 9, petrol in Delhi is Rs 105.41 per liter and diesel Rs 96.67 per liter. While in Indore, Madhya Pradesh, petrol is being sold up to Rs 118.26 per liter and diesel up to Rs 101.29 per liter. Petrol in Balaghat is Rs 120.48 and diesel Rs 103.32 per litre. The sudden spurt in the cost of fuel is triggered by the oil companies increasing the fuel prices by 14 times in the last 19 days.
In the first nine months (April-December) of the current financial year (2021-22), the income of the central government from tax on petroleum products has increased by about 24 per cent to Rs 3,31,621.07 crore.
Taxes on petrol and diesel are also increasing continuously. In 2014, the central government used to charge an excise duty of Rs 9.48 per liter on petrol, which increased to Rs 32.90 in November 2021, currently it is Rs 27.90 per litre.
Read also: Petrol and diesel prices hiked by Rs 10 in two weeks Check revised rates in your city