INSUBCONTINENT EXCLUSIVE:
Mumbai has the highest VAT (Value Added Tax) of 39.12 per cent on petrol.Oil Marketing Companies (OMCs) raised the prices of petrol and
diesel on Sunday across four metros of the country
According to daily price notification issued by state-owned oil firms, petrol is retailing at a price of Rs
77.78 per litre in Delhi, Rs
85.20 per litre in Mumbai, Rs
80.71 per litre in Kolkata and Rs
80.80 per litre in Chennai
Diesel can be purchased today at Rs
Diesel is being sold at Rs
73.01 per litre in Mumbai, Rs
71.61 per litre in Kolkata and Rs
State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel prices with effect from 6 am on a daily
Fuel prices in Delhi are the cheapest in all metros and most state capitals due to lower sales tax or VAT (Value Added Tax)
85.09 per litre in Mumbai, Rs
80.61 per litre in Kolkata and Rs
69.18 per litre in Delhi on Saturday
73.44 per litre in Mumbai, Rs
72.02 per litre in Kolkata and Rs
73.08 per litre in Chennai.According to a report of Press Trust of India (PTI), petrol and diesel will not come under the purview of Goods
and Services Tax (GST) in the immediate future as neither the Central government nor any of the states is in favour on fears of heavy
revenue loss.Globally, Iran is the third-biggest producer in the Organization of the Petroleum Exporting Countries, supplying around 2.5
million barrels per day (bpd) of crude and condensate to markets this year, equivalent to about 2.5 per cent of global consumption
