Delhi government has increased taxes on Petrol and diesel on Tuesday. This led to the increase in petrol prices by Rs 1.67 a litre while diesel prices went up by Rs 7.10.
Today, petrol price is 71.26 a litre, while it was Rs. 69.59 per litre on Monday. Similary, diesel climber from 62.29 on Monday to Rs 69.39.
On the other hand, petrol and diesel prices in Mumbai remained unchanged. According to the official website of Indian Oil Corporation, on Tuesday, petrol costs Rs 76.31 per litre in Mumbai and diesel costs Rs 66.21 a litre. In Kolkata, a litre of petrol will cost Rs 73.30 per litre whereas diesel is now priced at Rs 65.62 per litre.
Meanwhile, the Assam government on April 22 has increased the Value Added Tax (VAT) on diesel, petrol, and other motor spirits. Assam Government said in a Gazette notification, “Value Added Tax in Assam for diesel will be 23.66 paise in the rupee or Rs 17.45 per litre, whichever is higher. VAT for petrol and other motor spirits will be 32.66 paise in the rupee or Rs 22.63 per litre, whichever is higher, with effect from April 22.”
Crude oil futures on Monday plummeted 6.39 per cent to Rs 1,421 per barrel as participants trimmed their positions in line with weak trend overseas. On the Multi Commodity Exchange, crude oil for May delivery fell by Rs 97, or 6.39 per cent, to Rs 1,421 per barrel with a business volume of 7,770 lots.