Petrol rate today in Mumbai: good news; Petroleum companies cut petrol-diesel rates after three weeks
- Today, petrol has become cheaper by 18 paise and diesel by 17 paise across the country.
- Before that, petrol and diesel prices were stable for 24 consecutive days.
- Companies cut fuel prices due to fall in global crude oil prices
Petroleum companies have finally cut fuel prices today as global crude oil prices fall. Today, after three weeks, the fuel price has been reduced. Today, petrol has become cheaper by 18 paise and diesel by 17 paise across the country.
The tax burden on fuel is the highest. Therefore, Finance Minister Nirmala Sitharaman had on Tuesday instructed Parliament to bring petrol and diesel under the purview of GST. Sitharaman had assured the House that this would be discussed at the next GST Council meeting and today the companies decided to reduce fuel prices after 24 days.
Also Check: Gold price today: recovered from the fall; Gold price rises today, silver continues to fall
Today, petrol has been reduced by 18 paise and diesel by 17 paise. This has brought some relief to the customers. With today’s reduction, the price of petrol in Mumbai has gone up to Rs 97.40. Diesel, on the other hand, is priced at Rs 88.42. Before that, petrol was priced at Rs 97.57 and diesel at Rs 88.60 in Mumbai for 24 consecutive days. In Delhi, a litre of petrol costs Rs 90.99 today. Diesel is priced at Rs 81.30. In Chennai, petrol is priced at Rs 92.95 today. Diesel is priced at Rs 86.29.
The petrol price in Kolkata has gone up to Rs 91.18 on Wednesday. Diesel is priced at Rs 84.18. In Bangalore, petrol is priced at Rs 94.04 and diesel at Rs 86.21. Bhopal in Madhya Pradesh has the highest ever record price of Rs 89.58 for diesel.
In the last two weeks, global crude oil prices have fallen by about 10 to 12 per cent. Earlier, Brent crude traded at डॉलर 71, a profit margin in the last two weeks, and oil prices fell below डॉलर 64. At present, WTI crude is trading at ५ 59.38 in global commodity markets. Brent crude was trading at. 62.26. WTI was trading at. 61.54 a barrel on Tuesday. Brent crude was trading at. 64.65 a barrel.
Demand for the inclusion of petrol and diesel in the goods and services tax bracket has been on the rise since the introduction of GST. However, four years after the introduction of GST, no decision has been taken yet. Consumers are currently facing higher prices due to the central and state government’s tax burden on petrol and diesel. Therefore, the double taxation system is being criticized.
