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Fuel prices hit record high after 3rd consecutive hike. Check rates in your city

Fuel prices hit record high after 3rd consecutive hike. Check rates in your city
Fuel prices hit record high after 3rd consecutive hike. Check rates in your city
In Delhi, the price of petrol has crossed Rs 92 per litre after the fresh rate revision while diesel is retailing at Rs 82.61. A litre of petrol in Mumbai now costs Rs 98.36 and diesel price has been hiked to Rs 89.75. Check the latest rates in your city.
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UPDATED: May 12, 2021 11:32 IST
Fuel prices are likely to rise further due to firming global crude oil rates. (Photo: Reuters)
Fuel prices have been hiked sharply by state-run oil marketing companies (OMCs) for the third consecutive day. Both petrol and diesel price in the country have hit a fresh record high after the fresh hike on Wednesday. ....

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Petrol, Diesel Prices Today

Petrol and diesel prices in the country have remained steady
The country s oil prices have taken a small dip. The commoners seemed to be relieved by this. It is common knowledge that petrol and diesel prices have risen dramatically in recent months.
This has become a cause for worry to commuters. Everyone is concerned as the price of petrol and diesel, as well as cooking gas, continues to rise day by day.
The price of a litre of petrol has surpassed Rs 100 in some states.
For whatever cause, there has been no significant change in fuel prices in the last few days. Prices have remained consistent throughout the country. Prices in Telugu states alone have changed slightly. The following are the prices of petrol and diesel in the country s major cities. ....

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Govt can cut excise duty on petrol, diesel by Rs 8.5 a litre without hurting revenues

Updated Mar 04, 2021 | 06:19 IST
Excise duty was raised by Rs 13 and Rs 16 per litre on petrol and diesel between March 2020 and May 2020, and now stands at Rs 31.8 on diesel and Rs 32.9 per litre on petrol.
Govt can cut excise duty on petrol, diesel by Rs 8.5 a litre without hurting revenues | Photo Credit: BCCL
New Delhi: The government has room to cut excise duty on petrol and diesel by up to Rs 8.5 per litre without impacting its target for revenue from the tax on the two fuels, analysts said.
Petrol and diesel prices hover at a historic high following a relentless increase in rates over the past nine months. There have been calls by opposition parties as well as sections of society to the government to reduce excise duty to ease consumer pain. ....

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Petrol at Rs 100: PM Modi blames previous governments for not cutting import dependence

Petrol at Rs 100: PM Modi blames previous governments for not cutting import dependence
Price of petrol crossed the Rs 100 per litre mark in Rajasthan after fuel rates were hiked for the ninth day in a row.
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By PTI
NEW DELHI: On a day when petrol crossed the Rs 100 mark, Prime Minister Narendra Modi on Wednesday said the middle-class would not have been burdened if the previous governments had focussed on reducing India s energy import dependence.
Without referring to the relentless increase in retail fuel prices, which are linked to international rates, he said India imported over 85 per cent of its oil needs in the 2019-20 financial year and 53 per cent of its gas requirement. ....

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Petrol, Diesel Price Today: Petrol, Diesel Prices Hit All-Time High In Delhi On Friday 22 January 2021 Check Latest Rates Here

Source: Indian Oil
Petrol and diesel rates were hiked in all four metro cities today after a gap of two days. Both petrol and diesel have touched an all-time high on January 22. After being steady for almost a month, the prices have witnessed an upswing since January 6, 2021. Fuel prices have increased amid a rally in global crude oil prices with coronavirus vaccination drives beginning across the world.
Promoted
Oil marketing companies - Indian Oil Corporation, Bharat Petroleum, as well as Hindustan Petroleum align the prices of domestic fuel with global benchmarks, by taking into account any alterations in the foreign exchange rates. Any revisions in fuel prices are implemented with effect from 6 am every day. The fuel prices vary from state to state in the country due to the value-added tax or VAT. In an early trade session today, the rupee edged four paise lower to 73.03 against the US dollar, and brent crude futures, the global oil benchmark, droppe ....

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