Oil companies have released new prices of petrol and diesel for Friday, June 3.
Amidst the skyrocketing crude oil prices, the country’s major oil companies have released new prices of petrol and diesel for Friday, June 3. Even today, there has been no change in the prices of petrol and diesel.
Crude oil (Crude Oil) Amidst the skyrocketing prices of the country’s major oil companies, petrol and diesel for Friday, June 3. (Petrol-Diesel) New prices have been released. today also petrol And there is no change in the prices of diesel. Let us tell you that from May 22, the price of petrol and diesel across the country (Petrol Rate Today) are stable. Let us inform that on May 21, the Central Government had announced a reduction in the excise duty levied on petrol and diesel, after which the prices of petrol and diesel across the country were reduced from Rs 7 to Rs 9.50 per liter from May 22. . After the announcement of the central government, some states had also reduced VAT on petrol and diesel at their level.
Petrol is being sold in Delhi today at Rs 96.72 and diesel at Rs 89.62 per liter. Today in Mumbai the price of one liter of petrol is Rs 111.35 and that of diesel is Rs 97.28. In Chennai, the cost of a liter of petrol is Rs 102.63 and that of diesel is Rs 94.24. 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.
What are the prices of petrol and diesel in the big cities of the country
|city||Petrol price Rs per liter||Diesel price Rs per liter|
Here, according to the SBI Research report, the states still have the space to cut VAT. In such a situation, on an average, the state governments can cut VAT by Rs 2 per liter on petrol and Rs 3 per liter on diesel. Despite this cut, their oil revenue collection will not be affected in any way.
These states reduced VAT
Let us tell you that after the reduction in excise duty on petrol and diesel by the central government, states like Maharashtra, Rajasthan, Kerala, Tamil Nadu, Madhya Pradesh, Karnataka, Goa and West Bengal have cut VAT.
Gaurav Dua, Head of Capital Market Strategy, Sharekhan, said that there are five major components in the price of petrol and diesel. Base price, rent, excise duty, dealer commission and VAT. Value Added Tax (VAT) is calculated on the basis of base price, rent, excise duty and dealer commission.