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Petrol, Diesel Price Today, Proposed Petrol Pump Owners Strike And More

Around 54,000 petrol pumps all over India have called for a 24-hour strike from midnight on October 13.

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Petrol, Diesel Price Today, Proposed Petrol Pump Owners Strike And More

Petrol and diesel prices were slightly higher today, as compared to Sunday's rates.


Highlights

  1. Petrol pump owners demand inclusion of petroleum products under GST
  2. Centre has urged states to cut VAT on petrol and diesel
  3. Centre recently cut excise duty on petrol & diesel by Rs 2 per litre each
Petrol rates and diesel rates today were marginally higher as compared to Sunday's prices. Currently, petrol rates and diesel rates are revised on a daily basis, applicable from 6 am. Excise duty on petrol and diesel were cut last week (effective October 4), which has brought down the prices of the fuels by over Rs 2 per litre. Meanwhile, the central government has urged states to cut VAT on petrol and diesel. Currently, petroleum products don't come under the GST regime. The Centre had last week cut excise duty on petrol and diesel by Rs 2 per litre each to provide some relief to consumers from a three-month long relentless price hike.

Petrol, diesel price today after revision


Today, prices of non-branded petrol were at Rs 68.45/litre in Delhi, Rs 71.23 in Kolkata, Rs 77.58 in Mumbai and Rs 70.93 in Chennai, marginally higher from Sunday's price, according to Indian Oil website. The price of unbranded diesel was at Rs 57/litre in Delhi, Rs 59.66 in Kolkata, RS 60.55 in Mumbai and Rs 60.01 in Chennai, according to the Indian Oil website, slightly higher than Sunday's price.
Unbranded Petrol (Rs)DelhiKolkataMumbaiChennai
Oct-0968.4571.2377.5870.93
Oct-0868.3971.1777.5270.86
Oct-0768.3571.1377.4870.82
Oct-0668.3671.1477.4970.83
Oct-0568.3871.1677.5170.85
Oct-0468.3871.1677.5170.85
Oct-0370.8873.6279.9973.48
     
     
Unbranded Diesel (Rs)DelhiKoltataMumbai Chennai
Oct-095759.6660.5560.01
Oct-0856.9659.6260.5159.96
Oct-0756.9459.660.4959.94
Oct-0656.9559.6160.559.95
Oct-0556.959.5660.4459.9
Oct-0456.8959.5560.4359.89
Oct-0359.1461.862.8262.3

(Petrol rates and diesel rates in metro cities as given on the IOC website. Prices may vary from outlet to outlet within a city)

Petrol Pump Owners Call For One-Day Strike

Around 54,000 petrol pumps all over India have called for a 24-hour strike from midnight on October 13 demanding inclusion of petroleum products under GST and other long pending issues, an official of a petrol dealers association said. A decision on the strike was taken at the first joint meeting on Saturday of United Petroleum Front (UPF), an umbrella organization of three nationwide organisations of all petrol dealers - Federation of All India Petroleum Traders, All India Petroleum Dealers Association and Consortium of Indian Petroleum Dealers .

"As the first step, we shall stop buying and selling petrol/diesel at all the 54,000 pumps in the country on October 13. If our demands are not accepted, then from October 27, we shall launch an indefinite nationwide strike till all the trade anomalies are resolved," said Federation of All Maharashtra Petrol Dealers Association (Fampeda) President Uday Lodh.

Global crude prices have surged to their highest level in two years on optimism of a demand pick-up and geopolitical tensions. The excise duty cut on petrol and diesel would cost the government Rs 26,000 crore in annual revenue and about Rs 13,000 crore during the remaining part of the current fiscal year that ends on March 31, 2018.

Previously, the petrol and diesel rates were changed every fortnight but since June 16, they are revised daily to immediately pass on any movement in international oil prices to consumers and avoid sharp spikes by spreading them in small doses. (With Agency Inputs)



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