• Welcome to DreamDTH.com - an online community for the television and tech enthusiasts!

    Please Register or Login yourself to ask a question, participate in a discussion.

Petrol/Diesel Price Cut from Today Midnight.

Deep.S

Dream Legend
Joined
2 Jan 2013
Messages
5,521
Reaction score
13,618
Petrol price was on Friday cut by Rs 2.42 per litre and diesel by Rs 2.25 a litre after an excise duty hike limited the benefit of global crude prices slumping to six-year low.The reduction would have been almost double but for the government also raising excise duty by Rs 2 per litre on both petrol and diesel on Friday.This is the ninth straight reduction in petrol prices since August, and fifth in diesel since October.New rates will be effective midnight tonight, Indian Oil Corp, the nation’s largest fuel retailer, announced here.In Delhi, petrol will cost Rs 58.91 a litre, the lowest in 44 months, as compared to Rs 61.33 a litre now. Similarly, diesel will cost Rs 48.26 a litre in Delhi, the lowest since April 2013, as against Rs 50.51 currently.This is the fourth hike in excise duty since November and cumulatively customers have been denied the benefitof Rs 7.75 per litre reduction in petrol and Rs 6.50 a litre cut in diesel rates that was warranted due to the slump in oil price to USD 46 per barrel.A Finance Ministry notification said the excise duty on unbranded petrol is being hiked to Rs 8.95 per litre and that on unbranded diesel to Rs 7.96 per litre.The four excise duty hikes will result in about Rs 20,000 crore in additional revenue this fiscal and will help the government meet its fiscal deficit targetof 4.1 per cent of the GDP.Petrol and diesel prices were last cut onDecember 16 by Rs 2 per litre each.Including Friday's reduction, petrol pricehave been cut by Rs 14.69 per litre on a cumulative basis since August, while diesel rates in five downward revisions have been slashed by a total of Rs 10.71 a litre.Crude oil price in June was at USD 115 per barrel.

Read:-
Petrol price cut by Rs 2.42/litre, diesel by Rs 2.25 - The Hindu: Mobile Edition
 

Vicky

Dream Legend
Joined
10 Jun 2014
Messages
13,150
Reaction score
16,372
Good News & Good Update @Deep Bro :k
 

SarfaRaZ

Dream Pro
Joined
16 Jul 2013
Messages
53,495
Reaction score
29,628
Good News & Good Share @Deepak Bhai.
 

Dinesh jain

Staff member
Dream MOD
Joined
3 Feb 2014
Messages
14,246
Reaction score
12,337
gud share bro
 
Top Bottom

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock