- Petrol price rose by 13 paise on Saturday
- Diesel price jumped by 15 paise
- Petrol price had soared to Rs 76.06 in September 2013
The petrol and diesel prices tend to fluctuate on a daily basis since the state-owned oil companies that include Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, in June last year had renounced the 15-year practice of revising rates on the fortnightly basis and adopted a daily prices revision system to reflect changes.
|Metros||Non-Branded Petrol Prices (Rs) On 21/4/2018||Rates on 20/4/2018||Mar-31||Dec-31|
|Metros||Non-Branded Diesel Prices (Rs) On 21/4/2018||Rates on 20/4/2018||Mar-31||Dec-31|
The central government has raised excise duty nine times between November 2014 and January 2016 to shore up finances despite the fact that the global oil, to which domestic oil prices are linked, during this period. In all, duty on petrol rate was hiked by Rs 11.77 per litre and that on diesel by 13.47 a litre in those 15 months that helped government's excise mop up more than double to Rs 242,000 crore in 2016-17 from Rs 99,000 crore in 2014-15.