NEW DELHI: Fuel prices continued their upward march on Monday, with petrol going up by 26 paise to touch Rs 88.99 per litre here. Diesel price in the national capital also jumped 29 paise over yesterday's rates to retail at Rs 79.35.
In Mumbai, retail price for petrol today is at Rs 95.46 a litre, in Chennai Rs 91.19 and in Kolkata, Rs 90.25.
Diesel is retailing at Rs 86.34 in Mumbai, Rs 84.44 in Chennai and Rs 82.94 in Kolkata.
The continuing hike in fuel prices has attracted nationwide criticism, with opposition parties demanding that taxes be brought down immediately. The govt, however, said last week there was no plan to reduce excise duty to bring prices down.
Central and state taxes make up for over 61 per cent of the retail selling price of petrol and about 56 per cent of diesel.
The union government levies Rs 32.9 per litre of excise duty on petrol and Rs Rs 31.80 a litre on diesel.
Rajasthan, the state that levies the highest VAT on fuel in India, had the highest petrol and diesel prices. In Sriganganagar town of the state, petrol soared to Rs 99.56 and diesel to Rs 91.48 per litre.
Branded or additive mixed petrol on Sunday crossed Rs 100-mark at some places in states like Maharashtra and Madhya Pradesh. Branded petrol at Sriganganagar was priced at Rs 102.34 a litre and similar grade diesel at Rs 95.15.
On Sunday, the price per cylinder of liquefied petroleum gas (LPG), India's staple cooking fuel, was raised by Rs 50. Following this hike, an LPG cylinder (14.2 kg, domestic use) now costs Rs 769 per in the capital city.
Finance Minister Nirmala Sitharaman, during this year's budget speech, had announced the imposition of Agriculture Infrastructure and Development Cess (AIDC) of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel.
With inputs from PTI
In Mumbai, retail price for petrol today is at Rs 95.46 a litre, in Chennai Rs 91.19 and in Kolkata, Rs 90.25.
Diesel is retailing at Rs 86.34 in Mumbai, Rs 84.44 in Chennai and Rs 82.94 in Kolkata.
The continuing hike in fuel prices has attracted nationwide criticism, with opposition parties demanding that taxes be brought down immediately. The govt, however, said last week there was no plan to reduce excise duty to bring prices down.
Central and state taxes make up for over 61 per cent of the retail selling price of petrol and about 56 per cent of diesel.
The union government levies Rs 32.9 per litre of excise duty on petrol and Rs Rs 31.80 a litre on diesel.
Rajasthan, the state that levies the highest VAT on fuel in India, had the highest petrol and diesel prices. In Sriganganagar town of the state, petrol soared to Rs 99.56 and diesel to Rs 91.48 per litre.
Branded or additive mixed petrol on Sunday crossed Rs 100-mark at some places in states like Maharashtra and Madhya Pradesh. Branded petrol at Sriganganagar was priced at Rs 102.34 a litre and similar grade diesel at Rs 95.15.
On Sunday, the price per cylinder of liquefied petroleum gas (LPG), India's staple cooking fuel, was raised by Rs 50. Following this hike, an LPG cylinder (14.2 kg, domestic use) now costs Rs 769 per in the capital city.
Finance Minister Nirmala Sitharaman, during this year's budget speech, had announced the imposition of Agriculture Infrastructure and Development Cess (AIDC) of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel.
With inputs from PTI
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10 Comments on this Story
 | Praker 32 minutes ago Why not including petroleum products in GST? |
 | Rajeev Kaushik40 minutes ago The Tax on diesel has multiple Impact on Economy:- 1) Cost of transport increase for All Goods and services. 2) Input Cost in the form of fertiliser, machinery, seeds, electricity, watering increase. 3) Salaried person living cost increase and the paying capacity decrease. 4) Government / corporates Operational cost increase due to Travel and transport , Air conditioning, Labour cost , Inflation increase. A single rupee rise in Diesel/ Petrol cost whether due to International price or due to heavy Tax by state and Central Government decrease the growth of Economy or increase cost of produce of Goods and services by 250 basis points there by creating A drag on whole Economy GDP numbers. The heavy Tax on petrol diesel is indirectly failing factor for Economic activity. In long run these taxes and levies on basic Economic need ( energy and RAW material) can invite recession. Privatisation or any thing can not improve the situation but lowering of taxes on energy (Diesel, petrol, electricity). The solar energy, e vehicle, bio Gas etc has a long way to develop production, storage and Distribution Infrastructure to effect the Economy. It also matters as on which prices these alternate fuel and energy are available. As it is also possible that these FUELS may also taxed at exorbitant rates. |
| Sharad Upadhyay2 hours ago Agriculture Infrastructure Development! Why should the middle class pay for rich farmers who ram lacs of worth of tractors into buses or 'protest?' Only real 'gareeb' in India is the middle class. |