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For the second consecutive day, gasoline prices were raised from 14 to 15 paise. After rising prices, gasoline is now valued at Rs 75.71 per liter in Delhi. In other metropolitan cities of Mumbai, Kolkata and Chennai, gasoline is sold respectively at Rs 83.24, Rs 78.53 and Rs 78.72.
Similarly, diesel prices have also been raised from 16 to 18 paise. In Delhi, diesel prices reached 67.66 rupees per liter. In Mumbai, Kolkata and Chennai, diesel will be available to retail customers for Rs 71.79, Rs 70.05 and Rs 71.42 per liter.
Thursday, gasoline prices were reported after a period of 36 days range of 16-17 paise. and diesel in the range of 10-12 paise. During these 36 days, gas prices fell by Rs 2.88 per liter and diesel prices by Rs1.93 per liter.
Public oil companies Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) review fuel prices daily starting at 6 am The gasoline prices in Delhi are the lowest among all metropolitan cities for the lower sales tax or VAT (Value Added Tax).
The central government increased the excise duty on gasoline of Rs. 11.77 a liter and the one on diesel by Rs. 13.47 a liter in nine installments between November 2014 and January 2016 for consolidate the finances as world oil prices fell.
The last time oil and diesel prices were cut in cities on June 26 brought back into the range of 14 to 18 paise a liter, and diesel was reduced in the range of 10- 12 paise. Fuel prices have not risen since May 29, when prices reached record highs, then, because of high crude oil prices
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