New Delhi: Petrol and diesel prices saw no change on Tuesday before the finance minister unveiled the Union’s budget for the financial year 2022-23 at 11am. Prices were unchanged for the 88th day, the longest on record, according to a price notification by state-owned fuel retailers. Prices held steady as the government reduced excise duties on November 4, 2021.
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Petrol duties were reduced by Rs 5 per liter and diesel was reduced by Rs 10 per litre, which had an impact on the reduction in pump tariffs. As a result of this reduction, many states and union territories have also decided to reduce local sales or value added tax (VAT) to provide further relief to consumers.
In Delhi, you have to pay Rs 95.41 per liter for gasoline and spend Rs 86.67 per liter for diesel. While petrol prices in the financial city of Mumbai, the price of petrol remained at Rs 109.98 and diesel at Rs 94.14 per litre.
In Kolkata, petrol and diesel will cost you Rs 104.67 and Rs 89.79 per liter respectively. Chennai retailed a liter of petrol at Rs 101.40 and diesel at Rs 91.43 per litre.
Meanwhile, the price of aviation turbine fuel (ATF) surged 8.5% on Tuesday to reach record highs across the country, according to Oil Company Price Notification.
The price of ATF rose by Rs 6,743.25 per kiloliter or 8.5% to Rs 86,038.16 per kl in the nation’s capital, according to a price notification from state-owned fuel retailers, according to the PTI report.
This is the highest price ever achieved by ATF. The rate is higher at Rs 71,028.26 per kl reached in August 2008 when international crude oil prices hit $147 per barrel. Brent crude oil was trading at $91.21 a barrel on Tuesday.
ATF Price Rises 8.5% to Record Highs Across the Country: Oil Company Price Notification
– Tap Trust of India (@PTI_News) February 1, 2022
> On January 16, the price of jet fuel increased by 4.2% for the second time in a month due to the strengthening of international oil prices.
On the other hand, there is some relief for the common man as the petroleum marketing companies (CMOs) did not change the prices of liquefied petroleum gas (LPG) cylinders on Tuesday.
The relief comes ahead of upcoming Assembly elections in five states, and at a time when crude oil prices are soaring internationally. Unsubsidized Indane domestic cylinder rate (14.2 kg) in Delhi is Rs 899.50 Kolkata a 14.2 kg domestic LPG cylinder will cost Rs926. In Mumbai, the price of an unsubsidized LPG cylinder will be the same as in Delhi, while in Chennai it will cost Rs 915.50.
Prices for non-subsidized domestic LPG cylinders have remained at the same level since October.
While the petroleum marketing companies (OMC) on Tuesday lowered the price of the bottle of liquefied petroleum gas (LPG). National oil marketing companies have reduced the cost of commercial 19kg LPG cylinders by Rs 91.50 effective today, February 1.
National oil marketing companies have reduced the cost of commercial 19kg LPG cylinders by Rs 91.50 effective today, February 1. Commercial 19kg cylinder will cost Rs 1907 in Delhi from today: Sources
— ANI (@ANI) February 1, 2022
Assembly elections are held in five states, including Uttar Pradesh, Punjab and Uttarakhand. The vote will take place from February 10 to March 7 and the results will be known on March 10.