Fuel Rates Today: There has been no change in the prices of petrol and diesel on Wednesday, April 14, 2021 in the country. This is the 15th consecutive day when there has been no change in the prices of retail fuel in the country. The last change was when the oil marketing companies cut prices on 30 March.
Please tell that the first two months of its first year, petrol and diesel became very expensive. In the international market, in the price of crude oil, in some parts of the country, Rajasthan, Maharashtra and Madhya Pradesh, petrol prices reached Rs 100 per liter in February. However, assembly elections were announced in five states, including West Bengal, Tamil Nadu and Kerala, which halted the price hike.
After the last cut, now the price of petrol in Delhi has been increased to Rs 90.56 per liter. At the same time, diesel has been reduced from Rs 81.10 per liter to Rs 80.87 per liter.
Talking about Mumbai, petrol is being sold at Rs 96.98 and diesel at Rs 87.96 per liter. Of all the four metro cities, petrol and diesel are the most expensive in Mumbai. Talking about Chennai, petrol is being sold at Rs 92.58 per liter of petrol and Rs 85.88 per liter of diesel. In Kolkata, the price of petrol is Rs 90.77 and diesel is Rs 83.75 per liter.
Petrol and diesel prices can be reduced through tax cuts
Chairman of the Central Board of Indirect Taxes and Customs (CBIC) M Ajit Kumar said on Tuesday that the government would consider reducing the price of petrol and diesel by cutting taxes when the appropriate time comes. He was asked whether the government was considering cutting excise duty on petrol and diesel to give relief to the customers. On this, he said that ‘we hope that the revenue will be good in the coming months. As far as the reduction in fuel prices is concerned, the government is constantly monitoring this matter and I am confident that a decision will be taken whenever the time comes. However, he did not give detailed information about the appropriate time.
Explain that the government had increased excise duty on petrol by Rs 13 per liter last year, while on diesel by Rs 16 per liter. The excise duty on petrol is now Rs 32.90 per liter. Petrol rate in Delhi is Rs 90.56 per liter and excise duty is 36 percent in it. The excise duty on diesel is Rs 31.80 per liter and the excise duty is 39 per cent of its retail selling price of Rs 80.87 per liter. On adding VAT (Value Added Tax) of states, the share of total tax in retail prices of these fuels is 55 to 60 percent.
(This news has not been edited by the NDTV team. It has been published directly from the Syndicate feed.)