Petrol, diesel prices hiked by over Rs 2 after govt raises excise, infra cess in Union Budget 2019

Finance Minister Nirmala Sitharaman had announced a hike in cess on auto fuel prices while presenting the Union Budget 2019-20 in the Lok Sabha on Friday.

Asian News International July 06, 2019 10:49:00 IST
Petrol, diesel prices hiked by over Rs 2 after govt raises excise, infra cess in Union Budget 2019
  • Fuel prices were revised across the country on Saturday, a day after the announcement of additional excise duty and cess of Re 1 per litre on petrol and diesel

  • In Delhi, petrol is being sold Rs 2.45 higher at Rs 72.96 per litre and diesel at Rs 66.69 per litre after a Rs 2.36 hike

  • On Friday, Finance Minister Nirmala Sitharaman had announced a hike in cess on auto fuel prices while presenting the Union Budget 2019-20 in the Lok Sabha

New Delhi: Fuel prices were revised across the country on Saturday, a day after the announcement of additional excise duty and cess of Re 1 per litre on petrol and diesel.

Petrol diesel prices hiked by over Rs 2 after govt raises excise infra cess in Union Budget 2019

Representational image. Reuters

In Delhi, petrol is being sold Rs 2.45 higher at Rs 72.96 per litre and diesel at Rs 66.69 per litre after a Rs 2.36 hike.

In Mumbai, petrol is being sold at Rs 78.57 while in Kolkata it is retailing at Rs 75.15, higher by over Rs 2 per litre.

On Friday, Finance Minister Nirmala Sitharaman had announced a hike in cess on auto fuel prices while presenting the Union Budget 2019-20 in the Lok Sabha.

Sitharaman, who presented the first budget of the new government, had said crude prices have softened from their highs, paving way for her to review excise duty and cess on petrol and diesel.

"I propose to increase special additional excise duty and road and infrastructure cess each by one rupee a litre on petrol and diesel," she had said.

However, the finance minister dismissed suggestions that levies on petrol and diesel will fuel inflation, saying it was aimed at meeting public funding needs without hurting individual taxpayers and was also a step to move away from fossil fuels to electric vehicles.

Updated Date:

also read

IPL 2021: Knew where Shivam would bowl, says DC's Prithvi Shaw on hitting Mavi for six fours in first over
First Cricket News

IPL 2021: Knew where Shivam would bowl, says DC's Prithvi Shaw on hitting Mavi for six fours in first over

He scored most of the runs on the off-side and asked about it, Shaw said, "On this wicket especially when the spinner is bowling it wasn't coming very nicely onto the bat. It was stopping a little."

IPL 2021: BCCI to help arrange charter flights for Australian players via Maldives or Sri Lanka, says CA
First Cricket News

IPL 2021: BCCI to help arrange charter flights for Australian players via Maldives or Sri Lanka, says CA

The IPL's 40-strong Australian contingent, comprising players, support staff and commentators, could be flown to Maldives or Sri Lanka before getting a connecting flight for home.

IPL 2021: Australians stuck in India may fly back home via Maldives, says report
First Cricket News

IPL 2021: Australians stuck in India may fly back home via Maldives, says report

The IPL was "indefinitely suspended" on Tuesday after multiple cases of COVID-19 emerged from Kolkata Knight Riders, Delhi Capitals, SunRisers Hyderabad and Chennai Super Kings.