Thursday, November 07, 2024

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Petrol, diesel prices on November 18: Fuel rates unchanged for 2 weeks

Petrol, diesel prices on November 18: Fuel rates unchanged for 2 weeks

Prices of gasoline and diesel remain unchanged for the 14th day in a row on November 18.

The government cut customs for gasoline by Rs 5 per liter and on diesel by Rs 10 per liter on November 3 to contain a surge in wild fuel prices.

The price of gasoline was subsequently cut in the range of Rs 5.7 to Rs 6.35 per liter throughout the country and Diesel of Rs 11.16 to Rs 12.88 on November 4th because the oil company was forwarded to a record of the Customs rate to consumers.

November 4 pieces softened the price of gasoline in Delhi to Rs 103.97 per liter. The fixed rate at that time to date, while the diesel price continued at Rs 86.67 per liter.

In Mumbai, gasoline was sold at Rs 109.98 per liter, while Diesel at Rs 94.14 per liter.

The price of gasoline and diesel remained unchanged in Kolkata at Rs 104.67 per liter and Rs 89.79 per liter.

Chennai sold one liter of gasoline at the same price Rs 101.40. Diesel prices also remain unchanged at Rs 91.43 per liter.

After asking for a reduction in excise duties, the government urges countries to reduce value added tax (PPN) on fuel to provide assistance to consumers.

The total incidence of taxes on gasoline has dropped to 50 percent and in diesel to 40 percent.

The retail price of gasoline and diesel was decided after adding central excise, the commission was paid to dealers and VAT to basic oil prices. Basic oil prices are international benchmark levels that apply plus transportation.

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