Big news came on Monday about petrol-diesel in the country. In fact, on Monday, the government has increased the excise duty on petrol and diesel. On the one hand, where excise duty on petrol has been increased by Rs 2, the government has decided to increase the excise duty by 2 rupees on diesel. After this, it was feared that the prices of petrol and diesel in the country will increase, but the relief is that with the increase in excise duty from the government, it has been said that it will not have any effect on the common customers.
Actually, excise duty on petrol and diesel in India is a tax imposed by the central government, which makes a large part of the price of fuel. At present, excise duty on petrol is Rs 19.90 per liter. At the same time, excise duty on diesel is about Rs 15.80 per liter. It is worth noting that in 2014, excise duty on petrol was Rs 9.48 per liter and Rs 3.56 on diesel, which increased several times later.
The public will not be burdened
The government may have increased excise duty on petrol and diesel, but it has denied the impact on customers. It has been clarified by the Petroleum and Natural Gas Ministry that PSU oil marketing companies have been asked to increase the retail prices of petrol and diesel after the increase in excise rates.
Excise duty was reduced in 2022
In the year 2021, excise duty on petrol and diesel was ₹ 27.90 and ₹ 21.80 per liter. In May 2022, the central government had cut Rs 8 on petrol and Rs 6 on diesel as a relief, after which these rates were implemented. The base price of petrol and diesel in India is currently around Rs 32. On this, the central government is charging excise duty at Rs 33 and later different state governments charge VAT and cess according to their own, which increases the prices of diesel and petrol by three times.
Petrol-DIESEL price in four metros currently
The price of petrol in New Delhi on Monday is Rs 94.72 per liter. The price of petrol in Mumbai is Rs 104.21. The price of petrol in Kolkata is Rs 103.94 per liter. At the same time, the price of petrol in Chennai is Rs 100.75 per liter. Talking about diesel, the price of diesel in New Delhi is Rs 87.62. At the same time, the price of diesel in Mumbai is Rs 92.15. The price of diesel in Kolkata is Rs 90.76 per liter and the price of diesel in Chennai is Rs 92.34 per liter.