INSUBCONTINENT EXCLUSIVE:
Fuel prices today: Dealer's commission on petrol currently is Rs
3.34 per litre.Fuel prices in the country hit a new benchmark on Sunday after oil marketing companies (OMCs) increased the rates of petrol
Petrol is available in Mumbai today at a price of Rs 89.29 per litre
In Delhi and Chennai too, petrol prices have climbed record highs of Rs 81.91 and Rs 85.15 per litre respectively
tandem with the rise in petrol prices, diesel prices also scaled to fresh highs
In Delhi, Mumbai, Chennai and Kolkata, diesel prices are at record levels of Rs
75.57 per litre respectively
or VAT (Value Added Tax) and transportation cost
The recent surge in transportation fuel prices is largely attributed to high crude oil prices and a falling rupee
A weak rupee against the dollar makes the import of crude oil expensive.Almost half of the retail selling price of petrol and diesel is made
up of central and state taxes
Retail fuel rates are arrived at after adding excise duty charged by the Central government, and VAT - charged by the state governments -
and the commission paid to petrol pump dealers
Dealer's commission on petrol currently is Rs
3.34 per litre and that on diesel is Rs.2.52
The Centre currently levies a total of Rs 19.48 per litre of excise duty on petrol and Rs 15.33 per litre on diesel
On top of this, states levy Value Added Tax (VAT).According to a Reuters report, country's fuel demand rose 0.8 per cent in August
compared with the same month last year
Consumption of fuel, a proxy for oil demand, totalled 16.60 million tonnes, data from thePetroleum Planning and Analysis Cell (PPAC) of the
oil ministry showed.Globally, oil prices pulled back on Friday on concerns additional US tariffs would be placed on Chinese imports, after
an earlier rally triggered by worries that more sanctions on Iran might constrict supply
