Petrol prices dropped by Rs 0.74 per litre while diesel reduced by Rs 1.30 per litre
The present prices of petrol and diesel in Mumbai are Rs 65.63 per litre and Rs 53.49 respectively
The fuel prices have been updated for the fourth time this year. The petrol prices have been reduced by Rs 0.74 per litre while that of diesel have been slashed by Rs 1.30 per litre. The new prices were brought into effect on April 15, 2016. The update in the fuel prices was done following the current international prices of petrol and diesel along with the INR-USE exchange rate.
According to an official statement from Indian Oil, the current level of international product prices of petrol and diesel and INR-USD exchange rate warrant...
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Excise duty on petrol hiked by record Rs 10, diesel by Rs 13 per litre; move aimed at raising revenues due to tight fiscal conditions
Special additional excise duty on petrol has been hiked by Rs 2 per litre and road cess has been hiked by Rs 8 a litre.
India's fuel demand rose a meagre 3.8% in May as frequent price hikes dented petrol, diesel consumption
The primary reason for this small growth was the increase in retail selling price after state-owned oil firms lifted pre-Karnataka poll hiatus to resume daily price revisions from 14 May
Petrol and diesel price were last revised on 12 June when they were cut by 15 paise and 10 paisa a litre, respectively