Petrol, diesel prices remain unchanged in Mumbai and Delhi for second consecutive day
Photo Credit: ANI

After diesel prices increased to extend its gain over petrol in Delhi, oil marketing companies decided to keep the pump prices of the two petroleum products unchanged on Wednesday for second consecutive day.

Accordingly, in Delhi, petrol is priced at Rs 80.43 a litre and diesel at Rs 81.64. In Mumbai, the price of petrol is Rs 87.19 a litre and that of diesel is Rs 79.83. In Kolkata, petrol is priced at Rs 82.10 per litre, diesel was retailing at Rs 76.77 per litre. In Chennai, petrol price stood at Rs 83.63 a litre, while diesel was retailing at Rs 78.60 per litre.

Oil companies had raised diesel prices marginally by 12 paise on Monday while keeping petrol prices unchanged. Petrol prices had maintained the same level since June 29 when its pump price rose marginally by 5 paise over previous days price.

Oil companies began daily revision of the two auto fuels from June 7 after keeping the price unchanged for last 82 days during Covid-19 related lockdown. Since then petrol and diesel prices have increased by Rs 9.5 and Rs 11.5 per litre respectively.

Meanwhile, the Andhra Pradesh government on Monday revised the tax structure on petrol and diesel, thereby increasing their prices by Rs 1.24 and Rs 0.93 per litre respectively to mop up an additional revenue of about Rs 600 crore per annum.

As per the new structure, issued vide a Government Order amending the provisions of Andhra Pradesh Value Added Tax Act, 2005, the revised rates for petrol and diesel will be 31 per cent (tax) plus Rs 4 (additional levy) and 22.25 per cent plus Rs 4 per litre respectively.

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Free Press Journal