Did petrol and diesel prices rise on Sunday? Check rates in your city
Zee News
Petrol was priced at Rs 96.72 per litre in Delhi and Rs 111.35 per litre in Mumbai, while diesel was priced at Rs 89.62 in Delhi and Rs 97.28 in Mumbai.
New Delhi: On Sunday, June 5, the price of petrol stayed stable for the second week in a row, while the price of diesel remained unchanged. This comes after the Centre ordered an excise tax cut, which resulted in a decrease in the price of petrol and a decrease in the price of diesel, providing respite to the average man who is suffering from inflation. Last month, Finance Minister Nirmala Sitharaman lowered excise duties on petrol and diesel by a record Rs 8 per litre and Rs 6 per litre, respectively, as gasoline prices reached an all-time high.
Petrol was priced at Rs 96.72 per litre in Delhi and Rs 111.35 per litre in Mumbai, while diesel was priced at Rs 89.62 in Delhi and Rs 97.28 in Mumbai. However, despite the tax decrease, the price of petrol in Kolkata today was Rs 106.03 per litre, while the price of diesel was Rs 92.76 per litre. Petrol was sold for Rs 102.63 a litre in other parts of the country, while diesel was sold for Rs 94.24 per litre.
On May 21, Nirmala Sitharaman announced an 8-per-litre reduction in petrol excise duty and a 6-per-litre reduction in diesel excise duty. Following the government's decision, petrol prices in the national capital were decreased by Rs 8.69 per litre while diesel prices were reduced by Rs 7.05 per litre. Following this, other state governments, including Uttar Pradesh, Kerala, Maharashtra, and Rajasthan, stated that the VAT on gasoline and diesel had been decreased in their jurisdictions. This was done at a time when the country is grappling with rising inflation, which reached a new high in April.
In India, fuel costs are determined by worldwide crude oil prices and the rupee-dollar exchange rate. On top of that, the federal government and states collect various taxes on gasoline and diesel, including excise duty and Value Added Tax (VAT). The dealer's fee and freight expenses are also factored into the fuel price.
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