INSUBCONTINENT EXCLUSIVE:
Fuel prices today: Mumbai has the highest VAT of 39.12% on petrol.Petrol and diesel prices surged to record levels on Thursday as oil
marketing companies (OMCs) hiked fuel rates across metro cities, except in Kolkata where rates fell following the state government's
decision of an excise cut
Petrol can be purchased at a price of Rs 81 per litre in Delhi, according to a price notification of state-owned fuel retailers
A litre of petrol was retailed at Rs
Diesel was sold at a price of Rs
73.08/ litre in Delhi, Rs
77.58 per litre in Mumbai, Rs
77.25 per litre in Chennai and Rs
74.93 per litre in Kolkata.Except for halts on September 5 and September 12, fuel prices have been increased almost daily across India over
According to experts, a weak rupee, high excise duty and expensive crude oil is pushing petrol and diesel prices to record highs under the
daily dynamic pricing regime
international fuel prices on a 15-day average and the value of rupee, news agency Indo-Asian News Service (IANS) reported
On Wednesday, the rupee rose 51 paise against the US dollar to settle at 72.19, marking its biggest single-day rise since May 25.According
to a Press Trust of India (PTI) report, Mumbai has the highest VAT (Value Added Tax) of 39.12 per cent on petrol, while Telangana levies the
highest VAT of 26 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.Globally, oil prices fell on Thursday,
reversing some of the strong gains from the previous session, as economic concerns raised doubts about the ongoing fuel demand growth,
stated a report by news agency Reuters
US West Texas Intermediate (WTI) crude futures were at $69.88 per barrel at 0635 GMT or 12:05 pm IST, down 49 cents, or 0.7 per cent, from
their last settlement.The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday reduced its forecast for 2019 global oil
demand growth, pointing to economic risks
In its monthly report, OPEC said world oil demand next year would rise by 1.41 million barrels per day (bpd), 20,000 bpd less than last
