According to the report, OMCs may reduce oil prices by 40 paise daily for the next five days
Minister of Petroleum and Natural Gas Hardeep Singh Puri expresses his disappointment over Rajasthan, Kerala and Maharashtra taking credit for reduced excise duty by the central government and not decreasing VAT.
Jharkhand Petrol Price: The new rate will come into effect from January 26, 2022.
The revised prices of the two fuels in Mumbai stood at Rs 86.91 a litre and Rs 78.54 a litre, respectively
The revised price for the two fuels in Mumbai now stands at Rs 88.08 per litre and Rs 79.24 per litre, respectively
The revised diesel price in Delhi was Rs 67.85 per litre, Mumbai Rs 72.24 per litre, Kolkata Rs 70.40 per litre and Chennai Rs 71.62 per litre.
The revised petrol price in Delhi was Rs 76.58 per litre, Mumbai Rs 84.41 per litre, Kolkata Rs 79.25 per litre and Chennai Rs 79.48 per litre.
Fuel prices vary from state to state depending on local sales tax or VAT
After the nine-paise cut on Thursday, petrol prices have now dropped to Rs 77.63 per litre from Rs 77.72 per litre on Wednesday
The decreasing price trend, which started on May 30, continued on Wednesday with the dip in prices of petrol by 11 paise and diesel by 8 paise in the national capital.
Petrol prices remain highest in Mumbai at Rs 85.65 per litre even after the drop of 12 paise as compared to Monday
Fuel prices were hiked for 16 consecutive days, which led to petrol and diesel prices touching highest levels in India
The price of petrol is cut by Rs 3.77 per litre and that of diesel by Rs 2.91 a litre, the first change in rates in two-and-a-half months.
The reduction in rates is likely to be announced by the month end as per the practice of fortnightly revision in prices, and has been made possible due to appreciation of rupee against the US dollar.
Petrol price is cut by Re 2.50 per litre excluding VAT with effect from midnight today across India following a decline in international crude oil prices, however there is no change in diesel price, Indian Oil Corporation said while announcing the price revision today.
Petrol price is cut by Rs 2 per litre with effect from midnight today across four metros, following a decline in international crude oil prices, however there is no change in diesel price.
Nayantara Rai caught up with minister of state for petroleum, RPN Singh and began by asking him the rationale for the price cuts by the oil marketing companies despite an environment of constantly depreciating rupee.