Even today the price of petrol and diesel has not changed.
Petrol price in Delhi on 4 July: The latest price of petrol and diesel for today has been released by the oil marketing companies. Currently, the price of crude oil in the international market is $ 112 per barrel.
from May 22 petrol and diesel ,Petrol-Diesel Price) The peace prevailed even today. For today, oil companies have released the price of petrol and diesel. There has been no change in the price even today. Petrol in the capital Delhi today (Petrol price in Delhi) is priced at Rs 96.72 and diesel at Rs 89.62 per litre. In Mumbai, the cost of one liter of petrol is Rs 111.35 and that of diesel is Rs 97.28. Petrol in Chennai is being sold at Rs 102.63 and diesel at Rs 94.24 per liter. At the same time, the price of petrol in Kolkata is Rs 106.03 and the price of diesel is Rs 92.76 per liter. In the international market, it is at the level of $112.
On July 1, the government announced an export duty on the export of petrol, diesel and jet fuel from the domestic market. Apart from this, additional tax on crude oil production at the domestic level was also announced. Experts say that about 85 percent of the loss in revenue the government was losing due to the reduction in excise duty on petrol and diesel will be recovered from this move. On May 21, the government announced a reduction in excise duty on petrol by Rs 8 per liter and on diesel by Rs 6 per liter. At that time it was said that the government would lose revenue of one lakh crore rupees annually due to reduction of excise duty.
Duty imposed on petroleum exports
Here on July 1, the government announced the imposition of export duty on petroleum exported by oil companies. An import duty of Rs 6 has been imposed on export of one liter of petrol, Rs 6 on export of jet fuel and Rs 13 on export of diesel. Apart from this, an additional tax of Rs 23250 per ton has also been announced for crude oil production in the domestic market.
52 thousand crores will be available in the current financial year
The government will get Rs 67,425 crore annually by levying tax on crude oil production of public sector ONGC and Oil India Ltd and private sector Cairn Oil and Gas of Vedanta Ltd and domestically producing 29 million tonnes of crude. According to the report, in the remaining 9 months of the current financial year, the government will get about 52 thousand crore rupees.
20 thousand crores will be available from export duty
India exported 2.5 million tonnes of petrol, 5.7 million tonnes of diesel and 7.97 lakh tonnes of jet fuel in the months of April and May. After export tax, if the export remains even one-third, then the government will get about 20 thousand crore rupees in nine months of the current financial year from export duty. In this way, a total of Rs 72000 crore will come to the government’s treasury.