Fuel Rates Today: Both petrol and diesel prices were steady today
Petrol, diesel prices today: Petrol and diesel prices remained unchanged across the four metro cities on Saturday, May 22, a day after being hiked yesterday, following a two-day pause. In the national capital, petrol is being sold at Rs 93.04 per litre, while diesel is priced at Rs 83.80, according to Indian Oil Corporation. Petrol and diesel rates are the highest in Mumbai. As per the state-run oil refiner, petrol is being sold at Rs 99.32 per litre in Mumbai, while diesel is priced at Rs 91.01 per litre. Fuel rates vary across the states in the country due to value-added tax or VAT. Notably, petrol and diesel rates have been hiked 11 times since May 4. (
The Congress on Tuesday accused the BJP government of looting people by raising petrol and diesel prices soon after the assembly elections in five states were over.
Petrol and diesel prices were deregulated in 2010 and 2014 respectively.
The spiralling petrol, diesel and gas prices have severely dented domestic budgets across the country, and the continuous hike in excise duty on petrol, diesel and cooking gas by the Centre in the past seven years has been the main reason behind the high cost of these commodities which are most essential for common man s consumption.
While people have been burdened, between 2013-14 and 2020-21, there has been an astounding 96 per cent increase in excise duty collection on these commodities.
According to official figures, the excise duty collection on the three essential commodities was Rs 12,35,870 crore in 2013-14. However by 2020-21 (till January 2021), these collections had gone up to Rs 24,23,020 crore, an increase of 96 per cent over the 2013-14 figures.