Petrol and Diesel Rate Today, 17 February- Fuel prices steady; Check rates in Delhi, Mumbai, other cities
时间:2024-06-26 13:23:58 阅读(143)
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Friday, 17 February 2023, keeping costs steady for about eight months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at Rs 106.31 per litre, and diesel is selling at Rs 94.27 per litre. The prices of petrol and diesel change state by state, depending upon various criteria such as Value Added Tax (VAT), freight charges, local taxes, etc. The last country-wide change in fuel rates was on 21 May last year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.
Since the cut of excise duty by the central government in May 2022, some states have also reduced VAT prices on fuels, while some have imposed cess on petrol and diesel. The Punjab government decided to impose a cess of 90 paise per litre on petrol and diesel in a meeting of the state cabinet. Kerala Finance Minister KN Balagopal also announced a cess on petrol, diesel and liquor in the second full budget of the LDF government. A social security cess of Rs 2 per litre will be slapped on petrol and diesel.
Oil prices slid on Friday and were on track for weekly losses as strong U.S. economic data heightened concern that the Federal Reserve will continue tight monetary policy to tackle inflation, which could hit fuel demand even as crude stockpiles grow. Brent crude futures dropped 49 cents, or 0.6%, to $84.65 per barrel while U.S. West Texas Intermediate (WTI) crude futures shed 46 cents, also a 0.6% loss, to $78.03. Both benchmarks were headed for a weekly decline of about 2%.
Public sector Oil Marketing Companies (OMCs) including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise their prices daily in line with international benchmark prices and forex rates. Any changes in petrol and diesel costs are implemented from 6 am every day. Oil Minister Hardeep Singh Puri recently asked OMCs to cut the retail prices of petrol and diesel if the crude oil prices in the international market come down and also if OMCs under recovery come down. OMCs incurred a loss of Rs 21,200 crore on account of selling petrol and diesel below the cost price.
上一篇:FII DII data- FPI sold shares worth Rs 5439
下一篇:XAT 2024- Admit Card to be released tomorrow on xatonline
猜你喜欢
- Tata Motors, Yes Bank, SBI Cards, Bajaj Auto, Embassy REIT, BPCL, Pidilite, TVS Motor Company stocks in focus
- Tata Tech listing on November 30; MD Warren Harris says looking to expand in EVs, aerospace and defence
- Supreme Court grants SEBI time till August 14 to complete probe against Adani group
- FII, DII data- FPIs sold shares worth Rs 1816 Cr, DIIs added shares worth Rs 1622 Cr on November 1, Wednesday
- Syrma SGS Tech shares list at premium on BSE, NSE; gain 19% from IPO price, tops Rs 260 on stock debut day
- Bank Nifty continues to outperform Nifty 50; Bank Nifty targeting 44,900, Nifty to retest lifetime high of 18,887
- Bank ETF- An efficient way to tap into value unlocking in banking
- Fintech funding falls 63% in 2023; $2 billion raised compared to $5
- Subex share price hits 20% upper circuit on Reliance Jio Platforms partnership; should you buy, sell, hold-