Petrol, diesel become cheaper: Here’s how much you will have to pay now

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Announcing the reduction in fuel prices, Union Finance Minister Nirmala Sitharaman said that the government has decided to reduce taxes on petrol and diesel. The price of petrol has been cut by Rs 9.5 per liter and that of diesel by Rs 7 per liter. Amid rising energy prices and inflation, the government on Saturday cut excise duty on petrol by a record Rs 8 per liter and diesel by Rs 6 per liter to provide relief to consumers battling high fuel prices.

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Petrol in Delhi will now cost Rs 95.91 per liter, while diesel will now cost Rs 89.67 per liter as against Rs 96.67. In Mumbai, a liter of petrol will cost Rs 111.35 and a liter of diesel will cost Rs 97.28. The price of petrol and diesel in Chennai is Rs 102.65 and Rs 94.24 per liter respectively.

The price of petrol in Kolkata was now Rs 106.03 (earlier Rs 115.12) and in Chennai Rs 102.63 (earlier Rs 110.85). Diesel was priced at Rs 92.76 (earlier Rs 99.83) in Kolkata and Rs 94.24 (earlier Rs 100.94) in Chennai.

“Today the world is passing through difficult times. Even as the world is recovering from the COVID-19 pandemic, the Ukraine conflict has brought supply chain problems and shortages of various goods. This is resulting in inflation and economic crisis in many countries. is,” she said in a series of tweets.

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The fee cut will have a revenue implication of around Rs 1 lakh crore per annum for the government.

Sitharaman said that despite the challenging international situation, the government has ensured that there is no shortage or shortage of essential commodities. He said that even some developed countries could not escape from some shortage or disruption.

He said that the government is committed to ensure that the prices of essential commodities are kept under control.

In another major move, the government has decided that this year it will give a subsidy of Rs 200 per gas cylinder (up to 12 cylinders) to over 9 crore beneficiaries of Pradhan Mantri Ujjwala Yojana.

“This will help our mothers and sisters. This will affect the annual revenue of about Rs 6,100 crore. In addition, it is also reducing customs duty on raw materials and middlemen for plastic products where the country’s import dependence is high. This will result in reduction in the cost of the final products. A notification will be issued by the center within next hours with specific details on all these mentioned steps.

Petrol gets cheaper after diesel: Here’s how much you’ll have to pay now, first appeared on BGR India.

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