INSUBCONTINENT EXCLUSIVE:
Petrol, Diesel prices today: Mumbai has the highest VAT of 39.12 per cent on petrol.Petrol prices were increased while diesel prices were
kept unchanged on Saturday by the Oil Marketing Companies (OMCs)
Petrol is retailing at a price of Rs
77.28 per litre in Delhi, Rs
84.71 per litre in Mumbai, Rs
80.22 per litre in Kolkata and Rs
80.28 per litre in Chennai
Petrol rates were hiked today after OMCs kept the petrol rates unchanged on Friday
Diesel can be purchased today at Rs
73.10 per litre in Mumbai, Rs
71.70 per litre in Kolkata and Rs
72.74 per litre in Chennai, according to daily price notification issued by state-owned oil firms.Here are 5 things to know about petrol
prices, diesel rates today:1
Fuel prices in Delhi are the cheapest in all metros and most state capitals due to lower sales tax or VAT (Value Added Tax)
Delhi charges a VAT of 27 per cent on petrol and 17.24 per cent on diesel
Mumbai has the highest VAT of 39.12 per cent on petrol.2
State-owned oil firms had in mid-June last year dumped 15-year practice of revising rates on 1st and 16th of every month in favour of daily
The sate-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum have been revising fuel prices with effect from 6
Petrol price had touched an all-time high of Rs
78.43 a litre on May 29 and had since receded
On that day, the diesel price had touched an all-time high of Rs
According to government officials, the crude oil import bill is likely to jump by about $26 billion in 2018-19 as rupee dropping to a record
and slowing global economic growth would dampen demand for oil
