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Fuel Prices Remain Unchanged For 11th Consecutive Day. Check Rates

Petrol, diesel worth immediately: Unchanged for the eleventh consecutive day

Petrol, diesel costs immediately: Gasoline charges held regular throughout 4 metros for an eleventh consecutive day on April 17, 2022.

Gasoline costs had been unchanged for the eleventh straight day throughout 4 metros on Sunday, April 17, 2022.

The earlier gasoline worth revision was on April 6, when petrol and diesel costs had been hiked by 80 paise a litre. Between March 22 and April 6, petrol and diesel costs had been hiked 14 instances, totalling Rs 10 per litre.

Listed below are the updates of the petrol, diesel worth 2022:

The retail worth of petrol in Delhi stood at Rs 105.41 for 1 litre, whereas the diesel charge was ₹ 96.67.

In Mumbai, petrol prices ₹ 120.51 per litre whereas diesel is retailed at ₹ 104.77 per litre. Mumbai’s gasoline retail costs are the best amongst all 4 metro cities. The state levies the value-added tax (VAT), so the retail worth of gasoline varies from state to state.

Gasoline costs had been unchanged for 4 months – Between November 4, 2021, and March 22, 2022 – due to meeting elections scheduled in essential states from January to March 2022.

Oil retailers restarted the revision of gasoline charges on March 22, 2022.

State-run oil refiners revise charges day by day primarily based on the Dynamic Gasoline Value Methodology, which is predicated on a number of components equivalent to worldwide crude costs, the change charge of the rupee in opposition to the greenback, precise and anticipated demand, and the commerce circulation in international crude markets.

In extra, central tax or excise responsibility, value-added tax (VAT) – which varies from state to state, and retailer fee is included to derive from the retail worth of gasoline – greater than 57 per cent of the retail gasoline worth per litre goes in the direction of taxes, duties, cess and supplier margins. So these prices included figuring out the ultimate retail worth of gasoline at petrol pumps.

Any modifications in petrol and diesel costs are applied from 6 am every single day.

PTI reported on Thursday that petroleum Minister, Hardeep Singh Puri, had urged states to chop VAT on petrol and diesel for giving reduction to customers.

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