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The federal government here on Wednesday night increased the price of petrol by Rs5.15 per litre for the month of August.
According to a notification issued by the Ministry of Finance, the new petrol and diesel prices will be Rs117.83 and Rs132.47 per litre respectively.
Meanwhile, the prices of kerosene oil and light diesel saw an increase of Rs5.38 and Rs8.90 per litre respectively. The new price of Kerosene oil will be Rs103.84 a litre while light diesel will be sold at Rs90.52 per litre.
The new prices will be applicable from 12:00 am tonight.
Earlier on Tuesday, The Oil and Gas Regulatory Authority (OGRA) proposed 5.15 rupees per litre hike in petrol price from August 1.
Earlier in May, the federal government increased the prices of petrol and diesel by Rs 4.26 and Rs 4.5 per litre respectively for the month of Jun
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Petrol rates have been increased by Rs. 2.45 per litre while Diesel will now cost Rs. 2.36 more for a litre. Following the hike,a litre of petrol will now cost 72.96 per litre in Delhi, while diesel will be sold at 66.69 per litre in the national capital. In Mumbai, petrol is being sold at Rs. 78.57 while in Kolkata it is retailing at Rs. 75.15 per litre.
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The price of petrol touched Rs 90.8 per litre in Mumbai today, recording a hike of 11 paisa since Friday.
Other metros recorded a similar hike as petrol prices were recorded at Rs 82.72 per litre in Delhi, Rs 84.54 per litre in Kolkata, and Rs 85.99 per litre in Chennai.
Fuel prices had shot up on Friday as well with the cost touching Rs 82.32 per litre in Delhi while diesel rates were at Rs 73.87 per litre. In Mumbai, petrol was being retailed at Rs 89.69 per litre and diesel at Rs 78.42 per litre.
Source: Hindustan Times
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Rajasthan CM Vasundhara Raje announces a 4% reduction in VAT on petrol and diesel - WATCH
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Rajasthan Chief Minister Vasundhara Raje announced a four per cent reduction in value-added tax (VAT) on petrol and diesel prices. The prices will be applicable from midnight on Sunday. This will reduce their prices by Rs 2.5 per litre in the state.
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The announcement comes on a day when the petrol prices crossed the Rs 80 per litre mark in the capital of the state, according to the Indian Oil Corporation (IOC).
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VAT on petrol will be reduced from 30 to 26 per cent and on diesel from 22 to 18 per cent, Vasundhara Raje announced at a public meeting organised in Rawatsar in Hanumangarh district as part of her 'Rajasthan Gaurav Yatra'.
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