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Petrol prices close to all-time highs, oil companies increase prices after one month

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Petrol prices have been increased by 26 paise per liter and diesel rates by 25 paise per liter. (Token picture)

new Delhi:

After a gap of about a month, due to Wednesday’s increase of government companies, the prices of petrol reached near all-time highs. According to a notification of the government companies retailing petroleum fuel, petrol prices have been increased by 26 paise per liter and diesel rates by 25 paise per liter. After this increase, petrol in Delhi has increased from Rs 83.71 per liter to Rs 83.97 per liter. Similarly, diesel has increased from Rs 73.87 per liter to Rs 74.12 per liter. In Mumbai, the price of diesel has reached an all-time high of Rs 80.78 per liter.

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This change has been made after about a month in the price of petrol and diesel. Now their rates have reached an all-time high. The all-time high level of petrol in Delhi was Rs 84 per liter on October 4, 2018. Diesel too reached its all-time high of Rs 75.45 per liter on the same day. The government then cut customs duty on petrol and diesel by Rs 1.50 per liter to reduce inflationary pressure and strengthen consumer sentiment. Government oil companies also carried a burden of Re 1 per liter. However, this time the government has no such intention. A senior government official gave information about it on Wednesday.

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Since May 2020, the price of petrol has increased by Rs 14.28 per liter and diesel by Rs 11.83 per liter. The government increased the excise duty on petrol by Rs 13 per liter and diesel by Rs 15 per liter in two installments in March and May 2020. This is expected to bring an additional revenue of Rs 1.60 lakh crore to the government exchequer during the year.

Video: Petrol in Mumbai crosses Rs 90

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(This news has not been edited by the NDTV team. It is published directly from the Syndicate feed.)

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