INSUBCONTINENT EXCLUSIVE:
Petrol is selling at a price of Rs
78.52 per litre in Delhi today.Diesel rates in Delhi were hiked by 28 paise a litre, the steepest increase in over a year
Friday's hike in the price of diesel in the national capital marked the highest hike since mid-June last year, according to news agency
A litre of diesel now costs Rs 70.21 in Delhi, where the rates are the cheapest in all metros and most state capitals due to lower sales tax
the country, reported news agency IANS.Petrol is selling at a price of Rs
78.52 per litre in Delhi today
In Mumbai, petrol is retailing at Rs
85.93 per litre in Mumbai
81.44 per litre in Kolkata and Rs
81.58 per litre in Chennai
Diesel can be bought at Rs
74.54 per litre in Mumbai, Rs
73.06 per litre in Kolkata and Rs
74.18 per litre in Chennai, according to daily price notification issued by state-owned oil firms.The revised rates are applicable from 6 am
Mumbai has the highest VAT (Value Added Tax) of 39.12 per cent on petrol
Delhi charges a VAT of 27 per cent on petrol and 17.24 per cent on diesel
The total tax incidence on petrol comes to 45-50 per cent and on diesel, it is 35-40 per cent.Meanwhile, the Indian rupee collapsed to a
fresh record low of 71 against the US dollar for the first time ever today by falling 26 paise on persistent demand for the US currency amid
rising crude prices.State-owned oil firms had in mid-June last year dumped 15-year practice of revising rates on 1st and 16th of every month
in favour of daily price revisions
The sate-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum have been revising fuel prices with effect from 6
