New Delhi: Petrol and diesel prices on Friday hit their all-time high across the country as fuel rates were again hiked by 35 paise per litre.
According to the price notification of the state-owned fuel retailers, petrol price touched its all-time high at Rs 106.89 per liter in Delhi and Rs 112.78 per liter in Mumbai. In Mumbai, diesel now comes for Rs 103.63 per litre; Whereas its price in Delhi is Rs 95.62.
Petrol in Kolkata is being sold at Rs 107.45 per liter while diesel is being sold at Rs 98.73 per litre. Meanwhile, in Chennai, petrol is being sold at Rs 103.92 per liter while diesel is being sold at Rs 99.92 per litre.
With the rapid increase in diesel prices, the fuel is now available at more than Rs 100 per liter in many parts of the country. This dubious difference was earlier available for petrol, which crossed Rs 100 per liter across the country a few months back.
Petrol prices had remained stable since September 5, but oil companies finally raised pump prices last week.
OMCs had preferred to keep their watch prices on the global oil situation before making any revision in the prices. This is the reason why petrol prices were not revised for the last three weeks. But the extreme volatility in the global oil price movement has now prompted OMCs to impact the growth.
Without the duty cut, the government expects to collect over Rs 4.3 lakh crore from auto fuels – much higher than the budget estimate of Rs 3.2 lakh crore. In FY21 also, the contribution of the petroleum sector to the exchequer was over Rs 4 lakh crore. This is because the excise duty on petrol and diesel was increased by Rs 13 and Rs 16 per liter between March 2020 to May 2020 and now it is Rs 31.8 per liter on diesel and Rs 32.9 per liter on petrol.
With IANS inputs
live TV
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