On August 1, petrol and diesel prices remained stagnant once more for 68 days now in India. The new authorities in Maharashtra introduced a Value-Added Tax (VAT) minimize on petrol by Rs 5 per litre and on diesel by Rs 3 per litre on July 15. Fuel prices have been left untouched since Finance Minister Nirmala Sitharaman introduced an excise responsibility minimize on petrol and diesel by Rs 8 per litre and Rs 6 per litre, respectively.
In Delhi, petrol price right now is Rs 96.72 per litre versus Rs 105.41 earlier, whereas diesel retails at Rs 89.62 per litre as in opposition to Rs 96.67 per litre. Petrol price in Mumbai right now is Rs 106.31 per litre as in opposition to Rs 111.35 per litre and diesel price in Mumbai stands at Rs 94.27 per litre down from Rs 97.28 a litre earlier.
In Delhi, petrol price right now is Rs 96.72 per litre versus Rs 105.41 earlier, whereas diesel retails at Rs 89.62 per litre as in opposition to Rs 96.67 per litre. Petrol price in Mumbai right now is Rs 106.31 per litre as in opposition to Rs 111.35 per litre and diesel price in Mumbai stands at Rs 94.27 per litre down from Rs 97.28 a litre earlier.
Petrol and diesel prices are set by public sector Oil Marketing Companies, comparable to Indian Oil Corporation Ltd (IOCL), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) each day in accordance with overseas alternate charges and worldwide benchmark prices. Retail petrol and diesel prices differ from state to state owing to native taxes, comparable to VAT or freight expenses.
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