News Hour- Petrol, diesel prices up in 7 states after adjustment of taxes

NEW DELHI: Petrol and diesel prices were today hiked in seven states like West Bengal and Maharasthra and that of domestic LPG in six states as state-owned oil firms recalibrated rates to reflect changes in local levies.

The exercise also resulted in petrol and diesel prices being reduced in 11 states like Karnataka, Goa, Gujarat and Odisha from today. Besides, LPG prices were reduced in 12 states including Gujarat, Tamil Nadu, West Bengal and Odisha.

While there will no change in price of petrol in Delhi, Kolkata would see an increase of Rs 2.52 a litre to Rs 76.13 per liter. Petrol in Mumbai will cost Rs 75.14 from today as against Rs 74.23 per litre till yesterday. But in Chennai, rates have been cut by Rs 0.97 per litre to Rs 72.19.

The changes in prices of petrol are over and above the Rs 0.70 per litre hike that was effected from July 24.

Diesel price in Delhi would remain unchanged at Rs 41.29 per litre but it would be raised by Rs 0.92 per litre to Rs 44.66 in Kolkata and by Rs 0.89 to Rs 45.28 a litre in Mumbai. But in Chennai, rates have been cut by a marginal 12 paisa to Rs 43.83 a litre.

This follows state-run fuel retailers recalibrating surcharge calculations to align with changes made in local levies like entry tax on crude oil, surcharge on sales tax and CST/purchase tax on inter-company sale, by state governments.

Domestic LPG price has been hiked by Rs 19.43 per 14.2-kg cylinder in Assam, by Rs 9.16 in Bihar and Rs 8.72 per bottle in Maharashtra.

LPG will cost Rs 9 more at Rs 423 in Mumbai but there will be no change in rates in Delhi where it is sold at Rs 399.26 per bottle.In Kolkata prices have come down by Rs 4 to Rs 401 and in Chennai by Rs 7 to Rs 386.50

But the rates of domestic cooking gas have been cut by Rs 10.18 per cylinder in Gujarat, by Rs 7.01 in Tamil Nadu, Rs 3.86 in West Bengal and Rs 4.15 in Odisha. It costs Rs 405 in Kolkata and Rs 393.50 in Chennai.
(Source:economictimes.indiatimes.com)