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As Diesel Prices Hit All-Time High, CNG, PNG Prices Also Rise. Ten Things To Know
02 Apr 2018, 07:05 AM IST 
CNG prices to rise to Rs 40.61 per kg and PNG prices to Rs 27.14 per scm in Delhi
- Diesel prices touch an all-time high of Rs 64.58 per litre, while petrol prices rise through the roof to hit Rs 73.73 per litre.
- After the state-owned oil firms (IOC, HPCL, BPCL) raised petrol and diesel rates by 18 paise per litre each in Delhi, the prices rose significantly, renewing calls for the government to cut excise tax rates.
- From April 2, the new CNG prices in Delhi would be Rs 40.61 per kg, and Rs 47.05/ kg in the NCR. The prices in Rewari would be Rs 51.62/ kg.
- From Monday, the prices of CNG at select outlets (in the night hours after 12.30 am) would be available at Rs 1.50 cheaper, that is for Rs 39.11/kg in Delhi and Rs 45.55/ kg in the NCR.
- The prices of PNG have also been revised. Now the PNG prices in Delhi would be Rs 27.14 per scm that includes VAT also.
- The prices of PNG in NCR would be Rs 28.84 per scm (including taxes) and in Rewari, it would be Rs 28.78 per scm (including taxes)
- The consumer price of PNG for Delhi households has been raised by Rs 1.15 per scm, while the applicable price of domestic PNG for the households in Noida, Greater Noida and Ghaziabad would jump by Rs 1.20 per scm from the existing prices of Rs 27.64 per scm.
- The Oil Ministry had earlier this year sought a reduction in excise duty on petrol an diesel to cushion the impact rising international oil rates but Union Finance Minister Arun Jaitley ignored those calls while presenting the budget on February 1.
- India has the highest retail prices of petrol and diesel among South Asian nations since excise and other taxes account for half of the retail prices of fuel.
- Union Finance Minister Arun Jaitley had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs. 2 a litre.