Gasoline and diesel prices remain at record highs

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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