INSUBCONTINENT EXCLUSIVE:
Petrol, diesel prices today: Petrol is selling at a price of Rs
78.52 per litre in Delhi todayPetrol and diesel prices hit a record new high in four metros across the country on Friday
The prices of both petrol and diesel were raised by the Oil Marketing Companies (OMCs) today
The fuel prices were also increased on Thursday
The hike in fuel prices is mainly due to the recent rise in crude oil cost and the high excise duty levied on transportation fuel in the
country, reported news agency IANS
78.52 per litre in Delhi today
In Mumbai, petrol is retailing at Rs.85.93 per litre in Mumbai
81.44 per litre in Kolkata and Rs
81.58 per litre in Chennai
Diesel can be bought at Rs
74.54 per litre in Mumbai, Rs
73.06 per litre in Kolkata and Rs
74.18 per litre in Chennai, according to daily price notification issued by state-owned oil firms.The revised rates are applicable from 6 am
Fuel is cheapest in Delhi among all metros and most state capitals due to lower sales tax or VAT (Value Added Tax)
Mumbai has the highest VAT (Value Added Tax) of 39.12 per cent on petrol
Delhi charges a VAT of 27 per cent on petrol and 17.24 per cent on diesel
The total tax incidence on petrol comes to 45-50 per cent and on diesel, it is 35-40 per cent.Meanwhile, the Indian rupee collapsed to a
fresh record low of 71 against the US dollar for the first time ever today by falling 26 paise on persistent demand for the US currency amid
rising crude pricesGlobally, oil prices dipped on Friday amid concerns the trade war between the United States and China could intensify,
although looming United States sanctions against Iran's oil exports prevented markets from falling further
