Petrol and diesel prices held steady on June 30, according to the latest price notification issued by fuel retailers. Prices have remained unchanged for over a month, ever since the government on May 21 cut the excise duty on petrol by Rs 8 a litre and on diesel by Rs 6 a litre.
The duty cut brought down the petrol price in Delhi by Rs 9.5 a litre and Rs 7 a litre for diesel. Petrol in Delhi costs Rs 96.72 and diesel Rs 89.62.
In Mumbai, petrol is selling at Rs 111.35 and diesel at Rs 97.28. Petrol and diesel prices are Rs 102.63 and Rs 94.24 per in Chennai, while in Kolkata, petrol is at Rs 106.03 and diesel at Rs 92.76.
Oil marketing companies are incurring a loss of Rs 13.08 a litre on petrol and Rs 24.09 on diesel as they pass on the excise duty cut to consumers in India, which meets 80 percent of its fuel needs through imports.
Higher fuel prices spark social unrest in South America
Petrol & Diesel Rates Aug 08, 2022
Police in Argentina blocked a major entry point to the capital's centre on Tuesday to keep a group of truckers from joining a downtown protest, adding traffic snarls in Buenos Aires to a series of disruptions caused by anger over rising prices and shortages of fuel across South America, largely as a result of Russia's war in Ukraine, as per a report by AP.Cars were backed up for several kilometres until truckers agreed to open up a lane to regular traffic as they moved to take a protest over diesel shortages and prices that has been going on for weeks to Argentina's capital, the report added.