Skip to main content

Petrol price falls below 76/litre mark in Mumbai,down by Rs 12 in 2 months diesel also becomes cheaper.

Petrol Diesel Price Rate Today: In Mumbai, petrol prices fell below the Rs 76 mark to Rs 75.89 after today's correction and diesel is retailing at Rs 67.17 as against Rs 67.39 yesterday


NEW DELHI: Petrol will cost only Rs. 34.04 per litre and diesel Rs. 38.67 per litre without taxes and dealer's commission in the national capital region. Giving details of the prices of petroleum products as on December 19 in a written reply to the Lok Sabha, Minister of State for Finance Shiv Pratap Shukla said the incidence of taxes and dealers commissions work out to be 96.9 per cent in case of petrol and 60.3 per cent for diesel.

On December 19, the retail price of petrol was Rs. 70.63 a litre. This included Rs. 17.98 central excise duty, Rs. 15.02 state VAT and Rs. 3.59 commission of dealer. In the case of diesel, the retail price was Rs. 64.54 (central excise duty of Rs. 13.83, state VAT of Rs. 9.51 and dealer commission of Rs. 2.53).

In Mumbai, petrol prices fell below the Rs 76 mark to Rs 75.89 after today's correction and diesel are retailing at Rs 67.17 as against Rs 67.39 yesterday, according to data available on Indian Oil Corporation website.

In Chennai and Kolkata, petrol is retailing at Rs 72.91 and Rs 72.36 respectively as compared to Rs 73.11 and Rs 72.55 the day before. Diesel in these cities was priced at Rs 67.77 and Rs 65.95 respectively. In November, oil imports from Iran also declined to their lowest level in a year as purchases were curbed after reimposition of US sanctions on Iran.

For More Updates- Click Here
Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Market News - Budget 2020 | Removal of exemptions in new tex regime to impact life insurers, MFs

A salaried professional opting for a lower rate of tax under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. Removal of tax exemptions under Section 80C in the new tax regime could be a dampener for life insurance products as well as equity-linked savings schemes (ELSS) of mutual funds. In her Budget speech on February 1, Finance Minister Nirmala Sitharaman said a salaried professional opting for a lower tax rate under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. “The removal of 80C benefit may pose a risk to new business volumes of life insurance companies,” said Kotak Institutional Equities in a report. Life insurance Tax exemptions are an important incentive for purchase of life insurance. To be eligible for exemption under Section 80C, the sum assured has to be 10 times the annual premium. This is part of the Rs 1.5 lakh limit under ...
13 comments
Read more

Stock Market News - Yellow metal hits fresh record high as Iran attacks US forces

On the MCX, gold contracts for February were trading higher by Rs 562, or 1.38 percent, at Rs 41,225 per 10 gram at 0920 hours. It hit a record high of 42,278 per 10 gm. India Gold February futures hit a fresh record high on January 8 tracking gains in international spot prices which surged past $1,600 an ounce mark after Iran fired rockets at Iraqi airbase which hosts US forces that triggered risk-off sentiment. Spot prices hit their highest since March 2013 at $1,610.90 earlier in the session. US gold futures rose 2 percent to $1,605.80. “The jump in the price of what’s viewed by investors as a safer asset in times of political and economic uncertainty came after Iran’s missile attack on US-led forces in Iraq early on Wednesday,” said a Reuters report. “The attack came hours after the funeral of an Iranian commander whose killing in a US drone strike has raised fears of a wider conflict in the Middle-East,” it said. On the MCX, gold contracts for February were trading...
4 comments
Read more

Stock Market News - FDC share price at 52-week high on GMP certificate from UK health regulator

The certificate came after a recent inspection of the company's facilities in Goa. FDC  share price touched a 52-week high of Rs 222, rising more than 5 percent in the morning trade on January 3 after the company received the good manufacturing practice (GMP) certificate from the UK's health regulator. The UK's Medicines and Healthcare Products Regulatory Agency also continued with its approved status for the company's two facilities in Verna, Goa. The GMP certificate was issued after a recent inspection of the two plants. At 1018 hours, FDC was quoting at Rs 218.00, up Rs 7.30, or 3.46 percent. The share price has risen 30 percent in the last three months. GNFC share price down 2% after DoT seeks Rs 15K cr in telecom dues DoT sent the company a demand notice for Rs 15,019 crore, taking to Rs 3.13 lakh crore the amount it has sought from non-telecom companies following a Supreme Court ruling. The share price of  Gujarat Narmada Valley Fertili...
3 comments
Read more