Petrol in Delhi Crosses Rs 80 Mark, Oppn Unites for Bharat Bandh

Petrol and diesel prices eye century household budgets clean bowled

Petrol and diesel prices eye century household budgets clean bowled

Price of price per litre in Ahmedabad rose by 55 paise, while that of diesel rose by 48 paise, a sea change compared to daily changes of about three or four paise that was happening on most days till now.

The main opposition party Congress has asked the Centre to cut down excise duty on fuel, as was done by previous governments to keep prices in check each time oil prices surged globally.

The Central government had raised excise duty on petrol by Rs 11.77 a litre and that on diesel by Rs 13.47 a litre in nine instalments between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October previous year, by Rs 2 a litre.

The Centre now levies a total excise duty of Rs 19.48 per litre of petrol and Rs 15.33 per litre on diesel.

According to oil companies, petrol at refinery gate costs around Rs 40.50 a litre and diesel Rs 43. In New Delhi, the price of petrol has been hiked to Rs. 80.50 per litre, and diesel to Rs.72.


India imports about 80% of its crude oil, and the falling Indian rupee will make the imports costlier and lead to a rise in fuel prices. The continuous rise in diesel prices has complicated matters for truckers.

"The way the prices are increasing with each passing day, it seems that it would cross Rs. 100 per litre". The opposition has demanded the central government to cut excise duty on fuel prices. Because the price is built up by excessive taxes on petrol and diesel.

In Kolkata, the price of petrol has been increased to ₹83.27 per litre while the diesel price has gone up to ₹75.36 per litre. The Centre now levies a total excise duty of Rs 19.48 per litre of petrol and Rs 15.33 per litre on diesel.

Mumbai has the highest Value-Added Tax of 39.12 per cent on petrol, while Telangana levies the highest Value-Added Tax of 26 per cent on diesel.

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