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  • Petrol, diesel costs reduce by Rs 5 in THIS state

    Image Source : PTI Petrol, diesel costs reduce by Rs 5 in THIS state 
    Meghalaya authorities on Tuesday slashed retail costs of petrol and diesel by one other over Rs 5 by decreasing VAT on them, Chief Minister Conrad Okay Sangma mentioned. The determination got here amid strike by business transporters that entered second day Tuesday.
    The new retail worth of petrol will likely be Rs 85.86 from its present worth of Rs 91.26, whereas the brand new retail worth of diesel will likely be Rs 79.13 from its current price of Rs 86.23 within the state capital, Sangma mentioned after a assessment assembly he held along with his cabinet colleagues and senior authorities officers.
    He mentioned the whole discount will likely be Rs 7.4 for petrol and Rs 7.1 for diesel after the state authorities had introduced a Rs 2 rebate on each the gadgets final week.
    The decreasing of costs of each petrol and diesel was a results of the state governments determination to cut back the VAT from 31.62 per cent on petrol to twenty per cent per litre or Rs 15 per litre (whichever is increased).
    For diesel VAT got here down from 22.95 per cent to 12 per cent or Rs 9 per litre, Conrad mentioned.
    The chief minister mentioned the brand new tariff will even guarantee a aggressive pricing of each the gadgets with the neighbouring Assam which had lowered the costs of each petrol and diesel by Rs 5 final week.
    The determination is more likely to pacify agitating business transporters who had remained off the street prior to now two days and likewise threatened to go on indefinite starvation strike if the federal government fails to behave.
    The state authorities had collected Rs 326 crore as income from taxes on petrol and diesel within the final monetary 12 months.
    Conrad mentioned the federal government had already collected Rs 451 crore by the use of taxes on petrol and diesel until January this 12 months.

    Meanwhile, the state authorities has additionally assured cost of electrical energy dues to Power Grid Corporation of India Ltd value over Rs 74 crore following which the ability firm has assured to withdraw energy rules to the state with fast impact.
    The energy regulation of 70 MW leading to energy cuts of as much as 7 hours in a day throughout the state had begun since Sunday final after the state authorities did not pay pending dues of Rs 74.65 crore to the PGCIL.
    “I am happy to inform that load shedding (power cuts) will be completely taken out within 24 hours. We have the approvals of the PGDCIL,” Conrad advised journalists right here.
    He mentioned the state authorities had cleared a Rs 1345 cr Aatmanirbhar mortgage from the Centre to liquidate all excellent dues towards the acquisition of energy from numerous power-generating establishments.
    According to the chief minister, the centre has already launched Rs 127 crore to the REC which was paid to a different energy producing firm, NEEPCO.
    “About 75 per cent of the amount is left with the REC. Funds are released from the REC and in due course of time, the dues for PGCIL will also be paid by the REC,” Conrad mentioned.
    The chief minister knowledgeable that the Meghalaya Electric Corporation Ltd has been a sufferer of non-payment of dues by customers.
    The firm had prior to now two months recovered practically one crore dues after the corporate issued reminders and notices to defaulting customers.
    The chief minister appealed to all customers of MeECL to pay their dues recurrently.
    Officials of the state energy firm have been requested to comply with strict procedures to recuperate dues from customers, a senior official of the corporate mentioned. 
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  • Fuel costs skyrocket: Petrol value hiked by 26 paise, diesel by 29 paise – Check revised charges

    Image Source : AP Petrol value hiked by 26 paise, diesel by 29 paise
    With skyrocketing gas costs, the price of petrol in Delhi is nearing Rs 90 per litre mark after a rise of Rs 0.26. Petrol charges closed in on document Rs 88.99 per litre whereas diesel now prices Rs 79.35 per litre, with a rise of Rs 0.29. 
    Earlier, the petrol and diesel costs within the nationwide capital had been 88.73 and 79.06.

    To present their protest towards the continual rise within the gas costs, Odisha Congress employees observe a six-hour-long statewide bandh and stage ‘rail roko’ agitation in protest. Petrol and diesel at Rs 89.69 per litre and Rs 86.47 per litre respectively, right this moment in Bhubaneswar.
    Here is the record of right this moment’s petrol and diesel costs within the main cities:
    City
    Petrol Price
    Diesel Price
    New Delhi
    ₹ 88.99
    ₹ 79.35
    Kolkata
    ₹ 90.25
    ₹ 82.94
    Mumbai
    ₹ 95.46
    ₹ 86.34
    Chennai
    ₹ 91.19
    ₹ 84.44
    Gurgaon
    ₹ 86.66
    ₹ 79.61
    Noida
    ₹ 87.65
    ₹ 79.72
    Bangalore
    ₹ 91.97
    ₹ 84.12
    Bhubaneswar
    ₹ 89.86
    ₹ 86.63
    Chandigarh
    ₹ 85.64
    ₹ 79.06
    Hyderabad
    ₹ 92.53
    ₹ 86.55
    Jaipur
    ₹ 95.51
    ₹ 87.76
    Lucknow
    ₹ 87.64
    ₹ 79.72
    Patna
    ₹ 91.67
    ₹ 84.84
    Trivandrum
    ₹ 90.87
    ₹ 85.30
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  • Petrol crosses ₹99/litre in Rajasthan, ₹95 in Mumbai; diesel at ₹91 as costs rise for sixth day

    Image Source : PTI Petrol crosses ₹99/litre in Rajasthan, ₹95 in Mumbai; diesel at ₹91 as costs rise for sixth day
    Petrol value crossed the Rs 99 a litre mark in Rajasthan on Sunday whereas diesel topped Rs 91 after charges have been elevated for the sixth day in a row. Petrol value was elevated by 29 paise per litre and diesel by 32 paise, based on a value notification of state-owned gas retailers.

    This pushed retail charges, which differ from state to state relying on incidence of native gross sales tax or VAT and freight costs, to their highest degree.

    In the nationwide capital, petrol climbed to Rs 88.73 a litre and diesel soared to Rs 79.06, the notification confirmed. Rajasthan, which levies the best VAT on gas within the nation, had the best petrol and diesel costs. In Sriganganagar city of the state, petrol soared to Rs 99.29 and diesel jumped to Rs 91.17 per litre.

    The Rajasthan authorities had late final month lower VAT on petrol and diesel by 2 per cent. Despite this, the state has the best VAT at 36 per cent plus Rs 1,500 per kilolitre highway cess on petrol. On diesel, the state levies 26 per cent and Rs 1,750 per kl highway cess.

    Branded or premium petrol at Sriganganagar was priced at Rs 102.07 a litre and related grade diesel at Rs 94.83. The principal distinction between common and premium gas grades is the octane quantity. Regular gas has a decrease octane quantity — 87, whereas premium gas typically will get a 91 octane ranking or increased.

    Octane quantity is a measure of the ignition high quality of gas — increased the quantity, the much less prone is the gas to ‘knocking’ when burnt in a typical engine. Regular petrol in Delhi comes for Rs 88.73 per litre whereas premium gas is priced at Rs 91.56. Against Rs 79.06 a litre value of normal diesel, branded gas comes for Rs 82.35.

    In Mumbai, common petrol value soared to its highest ever degree of Rs 95.21 and that of diesel rose to Rs 86.04. Premium or branded petrol within the metropolis comes for Rs 97.99 and identical grade diesel for Rs 89.27 a litre. In six straight days, costs have gone up by Rs 1.80 per litre for petrol and Rs 1.88 for diesel.

    The relentless hike in costs has been criticised by the opposition events together with Congress that has demanded an instantaneous lower in taxes to ease the burden on the frequent man. However, Oil Minister Dharmendra Pradhan final week had advised Parliament that the federal government isn’t contemplating a discount in excise responsibility to chill charges from their report highs.

    Rates have risen as worldwide oil costs touched USD 61 per barrel for the primary time in additional than a yr on bettering demand outlook amid the worldwide rollout of COVID-19 vaccines, he had stated.

    Central and state taxes make up for over 61 per cent of the retail promoting value of petrol and about 56 per cent of diesel. The union authorities levies Rs 32.9 per litre of excise responsibility on petrol and Rs Rs 31.80 a litre on diesel.

    Retail petrol charges have risen by Rs 19.16 per litre since mid-March 2020, after the federal government raised taxes by a report margin to mop up good points arising from fall in worldwide oil costs. Diesel charges have gone up by Rs 16.77. 

    Also Read: Fuel costs skyrocket! Petrol costlier by 29p, diesel by 35p for 4th straight day
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  • Petrol, diesel costs contact all-time highs in Delhi

    Image Source : PTI Petrol, diesel costs contact all-time highs in Delhi
    Petrol and diesel costs in Delhi touched new all-time highs on Thursday with oil advertising and marketing corporations (OMCs) elevating pump costs by 35 paise a litre. Now, petrol per litre prices ₹86.65 whereas Diesel costs are up by 35 paise a litre, promoting at ₹76.83 a litre within the nationwide capital. Earlier, petrol and diesel charges have been ₹86.30 and ₹76.48, prevailing within the nationwide capital since January 27.
    The gasoline costs elevated near 35 paise per litre, however the precise quantity different from state to state relying on their native levies.
    Though agency international crude and product costs led to rising in retail costs of petrol and diesel, it’s attention-grabbing to notice that though the crude has been hovering simply over $55 a barrel for a very long time, OMCs had paused improve in costs of auto fuels. The current improve comes after over $3 a barrel improve in crude costs in just some days.
    Crude value have remained agency for the previous few weeks within the wake of unilateral manufacturing cuts introduced by Saudi Arabia and a pick-up in consumption in all main economies globally.
    Petrol and diesel costs have elevated 11 occasions in 2021, with the 2 auto fuels rising by Rs 2.94 and Rs 2.96 per litre respectively to date.

    The previous couple of will increase in pump costs in petrol and diesel have taken them to report ranges in all main metro cities and cities throughout the nation. The final time the retail costs of auto fuels have been nearer to present ranges have been on October 4, 2018 when crude costs had shot as much as $80 a barrel.
    The present value rise is essentially on account of steep improve in central taxes on petrol and diesel, other than agency crude costs internationally. The Union Budget 2021-22 has additionally imposed a brand new agricultural infrastructure and growth cess on the fuels.
    Petrol costs have been very near breaching an all-time excessive of Rs 84 a litre (reached on October 4, 2018) when these touched Rs 83.71 on December 7, 2020. But the upward march was halted ever since as no value revision was introduced by the Indian OMCs within the month. The value uptick began once more solely on January 6.
    Oil corporations’ executives mentioned that petrol and diesel costs could improve additional within the coming days as retail costs could must be balanced in step with international developments to forestall the OMCs from shedding cash on the sale of auto fuels.
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