Petrol Monday crossed the Rs. 90-mark in Mumbai as a dip within the worth of rupee and rise in worldwide oil costs pushed charges throughout the nation to new all-time excessive.
Petrol costs had been hiked by 11 paise per litre and diesel by 5 paise, in response to value notification of state-owned oil corporations.
The hike pushed petrol value in Delhi to Rs. 82.72 per litre and diesel to Rs 74.02.
In Mumbai, petrol crossed Rs. 90-mark for the primary time ever. The gas now prices Rs. 90.08 at Indian Oil Corp (IOC) retailers within the metropolis whereas it’s priced at Rs. 90.17 at Hindustan Petroleum Corp Ltd (HPCL) retailers and Rs. 90.14 at Bharat Petroleum Corp Ltd (BPCL) stations.
India is the third largest importer of crude oil and rising worldwide oil costs are inflating home transport gas prices in a robust demand surroundings. Brent, the benchmark for greater than half the world’s oil, climbed to USD 80 per barrel from USD 71 within the final 5 weeks, and the Indian rupee misplaced floor towards the greenback by 5-6 per cent throughout the identical interval, leading to costly crude imports.
Delhi has the most cost effective gas charges amongst all metros and most state capitals due to decrease taxes. Mumbai has the best gross sales tax or VAT.
In accordance with oil corporations, refinery gate value of petrol, with out contemplating any central or state tax and supplier’s fee, is Rs. 42.04 per litre. The identical for diesel is Rs. 45.34.
Retail charges are arrived at after including excise responsibility, which is charged by the Central authorities, fee paid to petrol pumps sellers and VAT, charged by the state governments.
Seller’s fee on petrol presently is Rs. three.66 per litre and that on diesel is Rs. 2.52. Since mid-August, the petrol value has risen by Rs. 5.58 a litre and diesel by Rs. 5.three – essentially the most in any month for the reason that each day value revision was launched in mid-June final 12 months.
Diesel at IOC’s retailers in Mumbai prices Rs. 78.58 per litre, at HPCL’s stations for Rs. 78.67 and comes for Rs. 78.67 at BPCL pumps.
Petrol in Kolkata prices Rs. 84.63 per litre and diesel comes for Rs. 75.95. In Chennai, petrol is priced at Rs. 86.08 and diesel at Rs. 78.35.
(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)