Petrol, diesel prices go up again. Here’s what you will have to pay

The value of petrol and diesel went up for the eleventh consecutive day on Wednesday, touching the very best degree since greater than a yr.

Petrol value elevated by 55 paise and diesel by 69 paise per litre to Rs 77.28 and Rs 75.79 per litre respectively on Wednesday within the nationwide capital.

Oil advertising firms have began elevating petrol and diesel costs every day from June 7 after 83 days break since March 16. In these 11 days, petrol value has elevated by Rs 5.42 a litre and diesel value by Rs 5.eight a litre within the nationwide capital.

According to a report, state-run oil advertising firms have been struggling losses of about Rs eight on each litre of petrol and diesel they promote after Brent crude oil charges rebounded from the document lows of round $20 a barrel and the central authorities hiked excise duties final month.

Therefore, the value of petrol and diesel could possibly be hiked additional for the following two weeks to cowl the shortfall.

Fuel costs have been final revised on March 16 however some state governments raised value-added tax (VAT) or cess to shore up their revenues, which went down in the course of the coronavirus-induced lockdown.

The Centre levies particular excise obligation on the 2 fuels. On March 14, it mopped up further Rs three per litre from petrol and diesel every to fund its Covid-19 aid measures elevating whole central levies on petrol are to Rs 22.98 per litre on petrol and Rs 18.83 per litre.

Despite hikes within the central levies, pump costs of petrol and diesel weren’t raised attributable to a pointy decline in worldwide oil costs.

Congress president Sonia Gandhi on Tuesday urged Prime Minister Narendra Modi to roll again current gas value hikes and go on the good thing about decreased worldwide crude oil charges to shoppers.

“(If) you want citizens to be self-reliant then do not place financial fetters on their ability to move forward,” Sonia Gandhi mentioned.

Gandhi mentioned in her letter that the hikes got here at a time when the nation was going through unprecedented public well being, financial and social challenges in the course of the ongoing battle towards Covid-19 pandemic.

The letter got here a day after Congress chief Rahul Gandhi criticised the federal government over the rise in petrol and diesel costs.

Here is what petrol and diesel will value in high cities:

New Delhi: Petrol Rs 77.28 and diesel Rs 75.79

Mumbai: Petrol Rs 84.15 and diesel Rs 74.32

Chennai: Petrol Rs 80.86 and diesel Rs 73.69

Kolkata: Petrol Rs 79.08 and diesel Rs 71.38

Gurgaon: Petrol Rs 75.83 and diesel Rs 68.51

Hyderabad: Petrol Rs 80.02 and diesel Rs 80.22

Bengaluru: Petrol Rs 79.79 and diesel Rs 72.07