Gasoline and diesel prices remain at record highs



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Fuel prices remained unchanged today for the third day in a row, but still remained at record highs in the subways given the continued rise in prices in recent months. Gasoline sells for ₹101.84 in Delhi, while diesel at ₹89.87. In India’s financial capital, Mumbai, gasoline is sold to ₹107.83 per liter, while diesel reached ₹97.45 per liter.

In Calcutta, oil prices rise to ₹102.08 per liter and diesel prices at ₹93.02 per liter. In Chennai, gasoline prices at ₹102.49 per liter; diesel price – ₹94.39 per liter.

At the same time, EU government tax revenues on petrol and diesel jumped 88% to reach ₹3.35 lakh crore in the year until March 31, after excise duties hit a record high, Lok Sabha was informed on Monday.

Excise duties on gasoline have increased from ₹19.98 per liter to ₹32.9 last year to recoup gains from falling international oil prices to a multi-year low as the pandemic engulfed demand. The same on diesel was brought to ₹31.8 from ₹15.83 per liter, according to a written response to a question posed by Minister of State for Oil and Natural Gas Rameswar Teli in Lok Sabha.

This has led to excise levies on petrol and diesel which have increased to ₹3.35 lakh crore in 2020-21 (April 2020 to March 2021), from ₹1.78 lakh crore a year ago, he said.

Gasoline now costs more ₹100 in 20 states and UT – Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Ladakh, Bihar, Kerala, Tamil Nadu, Punjab, Sikkim, Delhi, West Bengal, Nagaland and part of Uttar Pradesh and Haryana.

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