Central government makes up for Rs 32.98 per litre of the price of petrol in Delhi and sales tax or VAT of the state government constitutes Rs 19.55.
For diesel, the central excise adds up to Rs 31.83 and VAT to Rs 10.99. Besides, the price also includes a dealer commission of a minimum Rs 2.6 per litre on petrol and Rs 2 on diesel.
Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates.
#mute
The second wave of coronavirus sweeping the nation has pummelled fuel sales in April as local restrictions clamped to curb the spread of inflection stifled demand, preliminary data showed.
Petrol, diesel prices hit all-time time high; check out rates in your city
Petrol and diesel prices were increased by 25 paise in Delhi, according to a price notification by the oil marketing companies. A litre of petrol now costs Rs 92.05 in the national capital, while the diesel is priced at Rs 82.61
BusinessToday.In | May 12, 2021 | Updated 11:45 IST
Petrol and diesel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges
Petrol, diesel prices on Wednesday, May 12, were hiked for the third consecutive day (seventh time this month), continuing to remain above Rs 100-a-litre in several places across Rajasthan, Maharashtra and Madhya Pradesh.
Energy stocks were trading in the negative zone, with the S&P BSE Energy index falling 47.4 points or 0.75% at 6286.4 at 13:49 IST. Among the components of the S&P BSE Energy index, Hindustan Oil Exploration Company Ltd (down 2.27%), Adani Total Gas Ltd (down 1.61%),Bharat Petroleum Corporation Ltd (down 1%),Reliance Industries Ltd (down 0.93%),Oil & Natural Gas Corpn Ltd (down 0.85%), were the top losers. Among the other losers were Gujarat Gas Ltd (down 0.65%), Aegis Logistics Ltd (down 0.59%), Selan Explorations Technology Ltd (down 0.46%), Confidence Petroleum India Ltd (down 0.41%), and Gulf Oil Lubricants India Ltd (down 0.2%). On the other hand, Mangalore Refinery And Petrochemicals Ltd (up 9.99%), Castrol India Ltd (up 2.53%), and Gujarat Mineral Development Corporation Ltd (up 2.53%) moved up.
In March last, BPCL had sold its entire 61.5% stake in NRL to a consortium of OIL and Engineers India and the Assam government for Rs 9,876 crore. OIL bought a 54.16% stake to raise its shareholding in the refinery to 80.16%.
GUWAHATI: The second NDA government headed by chief minister Himanta Biswa Sarma, in its first cabinet on Tuesday, approved the state’s biggest ever investment worth over Rs 2,000 crore to raise its stake in the Numaligarh Refinery Limited (NRL). The state expects dividends worth Rs 900 crore annually from this move.
The cabinet also set up a committee headed by finance minister Ajanta Neog to appoint one lakh youth in government jobs to keep BJP’s poll promise. Another committee headed by urban development minister Ashok Singhal will prepare the roadmap for waiving off loans taken by people from micro-finance companies. This was also a key promise wgich BJP had made in the election campaign.
Energy stocks were trading with gains, with the S&P BSE Energy index increasing 53.02 points or 0.85% at 6315.72 at 09:49 IST. Among the components of the S&P BSE Energy index, Chennai Petroleum Corporation Ltd (up 8.58%), Mangalore Refinery And Petrochemicals Ltd (up 7.04%),Coal India Ltd (up 4.52%),Adani Total Gas Ltd (up 4.42%),Confidence Petroleum India Ltd (up 3.48%), were the top gainers. Among the other gainers were Indian Oil Corporation Ltd (up 3.23%), Hindustan Oil Exploration Company Ltd (up 3.12%), Hindustan Petroleum Corporation Ltd (up 2.8%), Bharat Petroleum Corporation Ltd (up 1.66%), and Aegis Logistics Ltd (up 1.45%). On the other hand, Gujarat Mineral Development Corporation Ltd (down 3.12%), Goa Carbon Ltd (down 2.03%), and Selan Explorations Technology Ltd (down 0.61%) turned lower.