Report Wire

Tag: petrol rate today

  • Petrol and diesel costs on April 8: Check gas charges in your metropolis immediately

    Petrol Diesel Price Today: Prices of petrol and diesel remained unchanged for the second consecutive day throughout the nation on Friday, April 8, 2022.

    The worth of petrol in Delhi stands at Rs 105.41 per litre whereas that of diesel is at Rs 96.67. In Mumbai, petrol at the moment prices Rs 120.51, whereas diesel is retailing at Rs 104.77, knowledge accessible on Indian Oil Corporation’s web site confirmed.

    So far in April, each petrol and diesel have been hiked by Rs 3.60 per litre within the nationwide capital. Last month, they have been raised by Rs 6.40 per litre after witnessing 9 hikes in a span of ten days when every day revisions in auto gas costs resumed following a spot of a report 137 days on March 22.

    Petrol and diesel costs within the nation differ from state to state relying on the native taxation (VAT) and freight costs. Apart from this, the central authorities costs an excise responsibility on auto fuels.

    OMCs revise charges of petrol and diesel every day primarily based on the common worth of benchmark gas within the worldwide market within the previous 15-days and international change charges.

    In the worldwide market, oil costs rose on Friday however have been set to drop round 3 per cent for the week as consuming nations’ deliberate launch of 240 million barrels from emergency shares offset some issues over lowered provides from Russia due to western sanctions, information company Reuters reported.

    Brent crude futures superior by 16 cents (0.2 per cent) to $100.77 a barrel. US West Texas Intermediate (WTI) crude futures gained 35 cents (4 per cent) to $96.37 a barrel. Both contracts are set to fall for a second week, with Brent set to drop 3.4 per cent whereas WTI is about to say no 2.8 per cent, the report stated.

    Here’s what you pay for a litre of petrol and diesel in your metropolis on Friday, April 8, 2022:
    City
    Petrol (Rs/litre)
    Diesel (Rs/litre)
    New Delhi
    105.41
    96.67
    Mumbai
    120.51
    104.77
    Kolkata
    115.12
    99.83
    Chennai
    110.85
    100.94
    Bengaluru
    111.09
    94.79
    Hyderabad
    119.49
    105.49
    Patna
    116.23
    101.06
    Bhopal
    118.14
    101.16
    Jaipur
    118.03
    100.92
    Lucknow
    105.25
    96.83
    Thiruvananthapuram
    117.19
    103.95
    Source: Indian Oil Corporation 

     

  • Fuel charges hiked once more; petrol worth nears Rs 99 in Mumbai

    Petrol worth on Sunday was elevated by 24 paise per litre and diesel by 27 paise, pushing charges throughout the nation to file highs and that of petrol in Mumbai to close Rs 99 a litre.
    The enhance led to charges in Delhi climbing to Rs 92.58 per litre and diesel to Rs 83.22, in response to a worth notification of state-owned gas retailers.
    Rates had already crossed Rs 100-mark in a number of cities in Rajasthan, Madhya Pradesh and Maharashtra and with the newest enhance, worth in Mumbai too was inching in direction of that degree.
    A litre of petrol in Mumbai now comes for Rs 98.88 and diesel is priced at Rs 90.40 per litre.
    Fuel costs differ from state to state relying on the incidence of native taxes similar to VAT and freight costs. Rajasthan levies the very best value-added tax (VAT) on petrol within the nation, adopted by Madhya Pradesh and Maharashtra.
    This is the ninth enhance in costs since May 4 when the state-owned oil companies ended an 18-hiatus in price revision they noticed throughout meeting elections in states like West Bengal.
    Sri Ganganagar district of Rajasthan had the most expensive petrol and diesel within the nation at Rs 103.52 per litre and Rs 95.99 a litre, respectively.
    In 9 will increase, petrol worth has risen by Rs 2.19 per litre and diesel by Rs 2.49.
    Since March final 12 months when the federal government raised excise obligation on gas to an all-time excessive, petrol worth has elevated by a file Rs 22.99 per litre (after accounting for a handful of events when charges fell) and diesel by Rs 20.93.

    Oil corporations, which have in current months resorted to unexplained freeze in price revision, had hit a pause button after chopping costs marginally on April 15. This coincided with electioneering hitting a peak to elect new governments in 5 states together with West Bengal.
    No sooner had voting ended, oil corporations indicated an impending enhance in retail costs in view of firming pattern in worldwide oil markets.
    Central and state taxes make up for 60 per cent of the retail promoting worth of petrol and over 54 per cent of diesel. The union authorities levies Rs 32.90 per litre of excise obligation on petrol and Rs 31.80 on diesel.

  • Fuel costs minimize for 1st time since September

    State-owned oil advertising and marketing firms (OMCs) on Wednesday minimize costs of petrol and diesel for the primary time this 12 months, as crude oil prices fell to their lowest ranges since early February. OMCs minimize petrol worth by 18 paise to Rs 91 per litre and diesel by 17 paise to Rs 81.3 per litre in Delhi.
    The minimize is the primary change in petrol and diesel costs after a 24-day halt in revisions by OMCs. This is the primary discount in costs since September 2020, with key state elections set to be held in March and April. Prior to the halt in revisions, there had been a gradual rise in petrol and diesel costs, which reached file ranges as Brent crude rose from about $40 per barrel on the finish of October to $70 in early March earlier than falling to about $62.75 (as of 10:21 am EST) Wednesday.
    Experts mentioned although crude costs have been rising, the correction from file highs would have helped OMCs get better losses from a halt in hikes.

    “The government had allowed the marketing margins of OMCs to steadily rise to Rs 2.5-3 per litre on petrol and diesel, but the freeze in price revisions as crude prices were still climbing would have wiped out their margins,” mentioned Vivekanand Subbaraman, analyst at Ambit Capital, including the autumn within the worth of crude up to now fortnight would have helped OMCs get better losses throughout the interval when it was rising and auto gasoline prices have been held fixed.
    Subbaraman added the minimize in petrol and diesel costs on Wednesday signalled a return to regular advertising and marketing margins for OMCs. Sources mentioned OMCs had determined to halt petrol and diesel worth revisions beginning February 28 as gasoline prices had turn into a key electoral situation within the upcoming elections in Tamil Nadu, West Bengal, Kerala and Assam.

    Experts mentioned the OMCs have been more likely to return to regular revisions within the costs of petrol and diesel publish these elections. Government officers famous that the oil advertising and marketing firms had confronted damaging margins on the sale of petrol and diesel within the preliminary part of the halt on worth revisions.

  • Speak up on gas costs, PCC chief warns Akshay and Bachchan

    NEWLY appointed Maharashtra Congress president Nana Patole Thursday threatened to cease capturing of movies starring Amitabh Bachchan and Akshay Kumar in the event that they didn’t make clear their place on the rising gas costs, later saying he meant solely to stage protests towards them.
    Addressing mediapersons at Bhandara, Patole stated, “Amitabh Bachchan and Akshay Kumar issued tweets against the hike in petrol and diesel prices during the government of Manmohan Singh. They should also explain their position now on the unjust fuel price hikes by the Modi government. Else we will see to it that their films and shooting for their films are not allowed.”

    The lifetime of frequent folks had been badly affected because of the hike in petrol, diesel and cooking fuel costs, Patole stated. “We pay to watch Amitabh Bachchan and Akshay Kumar films. They should now stand up against the Central government’s anti-national policies.”

    Asked by The Indian Express what he meant by stopping movies and capturing, Patole stated he wasn’t threatening violence however solely needed to show “the real face” of the actors. “Celebrities must focus on people’s issues. If they did that during Manmohan Singh’s time, why are they not doing so now? They should come clean on whether they are under any pressure. The Congress sent celebrities like Sachin Tendulkar, Lata Mangeshkar and Rekha to the Rajya Sabha through its quota. Now let the real face of the celebrities come to the fore. That’s what I meant. Maarpeet karnaar naahi (We won’t indulge in any violence), but we will show them black flags and will protest against them.”
    He stated celebrities have been entitled to their opinion, “but don’t have the right to use people’s love the wrong way”.
     

  • Mop-up from gas tax hike might offset different income losses

    Oil advertising corporations hiked the costs of petrol and diesel on Thursday for the tenth consecutive day, elevating the worth of petrol and diesel by 30-34 paise a litre throughout main metros.
    While petrol in Rajasthan’s Sri Ganganagar hit a file Rs 100.42 per litre, in Delhi too it reached a brand new excessive of Rs 89.9. Diesel value in Mumbai, too, set a brand new excessive of Rs 87.32 a litre. The central authorities has used excise obligation hikes of Rs 13 per litre in case of petrol and Rs 16 a litre for diesel to make up for shortfall in items and providers tax (GST) collections in addition to sharp decline in direct tax collections throughout this fiscal.

    Prime Minister Narendra Modi mentioned Wednesday that the center class wouldn’t have been burdened by excessive gas costs if earlier governments had focussed on decreasing India’s dependence on crude oil import. However, one other issue behind the gas value rise has been the sharp rise in excise duties on petrol and diesel final 12 months to make up for shortfall in revenues from different oblique taxes because of decrease financial exercise in the course of the pandemic.

    The Centre will accumulate an estimated Rs 3.46 lakh crore from excise duties on petrol and diesel this fiscal — 39.3 per cent, or Rs 97,600 crore, greater than the FY21 price range estimate (BE) of Rs 2.49 lakh crore.

    This sharp rise goes to offset the falls in GST collections in addition to customs obligation collections for the federal government, that are estimated to be decrease by 25.7 per cent and 18.8 per cent, respectively, in comparison with the BE. GST mop-up is estimated to be decrease by Rs 1.49 lakh crore and customs obligation collections estimated to be decrease by Rs 26,000 crore in comparison with the BE for this fiscal. The Centre has already collected Rs 2.36 lakh crore in excise duties within the first 9 months this fiscal.

  • Petrol and diesel costs in your metropolis at this time, examine right here

    Prices of petrol and diesel rose for the fourth consecutive day throughout the nation on Friday, February 12, 2021. In Delhi, the worth of petrol was hiked by 29 paise a litre, whereas diesel acquired dearer by 35 paise.
    Following at this time’s value hike, petrol now prices Rs 88.14 a litre within the nationwide capital whereas diesel is out there for Rs 78.38. In Mumbai, petrol value now stands at Rs 94.64 whereas diesel is retailing at Rs 85.32. Fuel costs are retailing at their report excessive ranges at current within the nation.
    Petrol and diesel costs range from state to state and taxes are levied on them by each central in addition to the state governments. Recently Dharmendra Pradhan, Union Minister for Petroleum and Natural Gas, in a reply to a query in Rajya Sabha mentioned that authorities just isn’t presently chopping taxes on petrol and diesel.

    Generally, the gas costs are revised each day consistent with benchmark worldwide value and international trade charges.
    Globally, oil costs fell a second day on Friday, extending losses after OPEC reduce its demand forecast and the International Energy Agency mentioned the market was nonetheless over-supplied, information company Reuters reported.
    Brent crude was down 47 cents (0.8 per cent) at $60.67 a barrel by 0309 GMT, having dropped half a p.c the earlier session. US oil was down 53 cents (0.9 per cent) at $57.71 a barrel, after falling by 0.8 per cent on Thursday. Both benchmarks closed on Wednesday at their highest ranges since January 2020 after an almost record-setting run of consecutive every day features, the report mentioned.
    Here’s what you pay for a litre of petrol and diesel in your metropolis on Friday, February 12, 2021:
    City
    Petrol (Rs/litre)
    Diesel (Rs/litre)
    New Delhi
    88.14
    78.38
    Mumbai
    94.64
    85.32
    Kolkata
    89.44
    81.96
    Chennai
    90.44
    83.52
    Bengaluru
    91.09
    83.09
    Hyderabad
    91.65
    85.50
    Patna
    90.55
    83.58
    Jaipur
    94.55
    86.65
    Lucknow
    86.99
    78.75
    Thiruvananthapuram
    90.02
    84.28
    Source: Indian Oil Corporation 
     

  • Petrol and diesel costs at present: Here are gasoline costs in your metropolis, verify right here

    Petrol and diesel costs rose for the second consecutive day throughout the nation on Wednesday, February 10, 2021. The worth of petrol was raised by 30 paise a litre within the nationwide capital, whereas that of diesel was hiked by 25 paise per litre. Prior to this, the costs of each auto fuels had been raised by 35 paise per litre every throughout Delhi on Tuesday.
    With the newest worth motion, the petrol worth in Delhi now stands at Rs 87.60 per litre whereas that of diesel is at Rs 77.73. In Mumbai, petrol now prices 94.12, whereas diesel is retailing at Rs 84.63. At current, they’re retailing at report excessive ranges within the nation.
    Auto gasoline costs range from state to state relying on the native gross sales tax or VAT.
    Generally, the petrol and diesel costs are revised each day according to benchmark worldwide worth and international trade charges.
    Globally, oil costs rose once more on Wednesday, extending their greater than week-long rally after business knowledge exhibiting a fall in US crude oil shares added to optimism about an anticipated rise in world gasoline demand, information company Reuters reported.

    Brent crude was up by 11 cents (0.2 per cent) at $61.20 by 0110 GMT after rising almost 1 per cent on Tuesday, when it touched a 13-month excessive. US crude added 2 cents to $58.28, the report mentioned.
    Here’s what you pay for a litre of petrol and diesel in your metropolis on Wednesday, February 10, 2021:
    City
    Petrol (Rs/litre)
    Diesel (Rs/litre)
    New Delhi
    87.60
    77.73
    Mumbai
    94.12
    84.63
    Kolkata
    88.92
    81.31
    Chennai
    89.96
    82.90
    Bengaluru
    90.53
    82.40
    Hyderabad
    91.09
    84.79
    Patna
    90.03
    82.92
    Jaipur
    93.98
    85.95
    Lucknow
    86.57
    78.09
    Thiruvananthapuram
    89.48
    83.60
    Source: Indian Oil Corporation
     

  • Petrol and diesel costs immediately: Check gasoline charges in your metropolis

    After remaining regular for 3 days, costs of petrol and diesel throughout the nation inched greater on Tuesday, February 9, 2021. The costs of each auto fuels had been raised by 35 paise per litre every throughout the nationwide capital on Tuesday. Prior to this, the costs had been final hiked by 30 paise per litre every on Friday.
    The worth of petrol in Delhi presently now stands at Rs 87.30 per litre whereas that of diesel is at Rs 77.48. In Mumbai, petrol now prices 93.83, whereas diesel is retailing at Rs 84.36.
    Fuel costs range from state to state relying on native gross sales tax or VAT. At current, they’re retailing at file excessive ranges within the nation.

    Petrol and diesel costs are usually revised each day consistent with benchmark worldwide worth and overseas change charges.
    In the worldwide markets, oil costs edged up on Tuesday to their highest in 13 months as provide cuts by main producers and optimism over gasoline demand restoration help vitality markets, based on a report by information company Reuters.
    Brent crude futures for April gained 29 cents (0.5 per cent) to $60.85 a barrel by 0246 GMT. US West Texas Intermediate crude (WTI) for March was at $58.25 a barrel, up 28 cents (0.5 per cent). Both Brent and WTI are at their highest since January 2020, the report mentioned.
    Here’s what you pay for a litre of petrol and diesel in your metropolis on Tuesday, February 9, 2021:
    City
    Petrol (Rs/litre)
    Diesel (Rs/litre)
    New Delhi
    87.30
    77.48
    Mumbai
    93.83
    84.36
    Kolkata
    88.63
    81.06
    Chennai
    89.70
    82.66
    Bengaluru
    90.22
    82.13
    Hyderabad
    90.78
    84.52
    Patna
    89.74
    82.66
    Jaipur
    93.67
    85.68
    Lucknow
    86.34
    77.84
    Thiruvananthapuram
    89.18
    83.33
    Source: Indian Oil Corporation 
     

  • Fuel costs at document excessive: Experts see lower in excise obligation to curb influence on inflation

    The worth of petrol hit an all-time excessive of Rs 84.70 per litre within the nationwide capital as oil advertising corporations (OMCs) hiked the price of each petrol and diesel by 25 paise on Thursday. The worth of diesel additionally set a document excessive of Rs 81.60 in Mumbai.
    This is the fourth hike in petrol and diesel costs in a nine-day interval, which has seen charges rise by about Re 1 per litre, after 30 days of no hike. According to specialists, costs are prone to rise additional resulting from a rally in crude oil until the federal government reduces excise duties on petrol and diesel.
    The worth of Brent crude has constantly strengthened for the reason that finish of October — from round $37 per barrel to round $56 on Thursday.
    Experts count on that the federal government will lower excise duties to curb the influence of upper gasoline costs on inflation and to assist a fascinating valuation within the disinvestment of Bharat Petroleum Corporation Ltd. The central authorities hiked excise obligation on petrol to Rs 32.98 per litre from Rs 19.98 per litre initially of 2019, and elevated the excise obligation on diesel to Rs 31.83 per litre from Rs 15.83 over the identical interval to spice up revenues.

    “The prices of petrol and diesel are likely to rise further unless the government cuts excise duties,” stated Vivekanand Subbaraman, analyst at Ambit Capital, including the federal government was prone to lower excise obligation to curb the influence of excessive gasoline costs on inflation.
    An analyst who didn’t want to be named stated the federal government would additionally not search to chop the advertising margins of OMCs additional because it seeks to get a great valuation on the divestment of Bharat Petroleum Corporation Ltd.
    An ICICI Securities report famous that the web advertising margins of OMCs could fall beneath zero at present gasoline costs, forcing both a lower in excise obligation or an additional hike within the costs of petrol and diesel.