Petrol Price Above Rs 100 in Hyderabad, Kolkata Today; Check Fuel Rates in Your City

 


In Hyderabad, the petrol was priced at 109.66 while in Uttar Pradesh’s capital Lucknow, it was Rs 96.57

Petrol, and Diesel Prices Today: Petrol and diesel prices were constant on Thursday, 20 April, in the figures across major cities including New Delhi, Kolkata, Mumbai, and Bengaluru as fuel rates continued their ten-month streak of price stability. However, cities across the country have witnessed fluctuations in fuel prices across the nation.

Read More:- Maximising Your Tax Savings: Tips To Keep More Of Your Hard-Earned Money

In Delhi-NCR petrol prices were marked at Rs 96.72 for the national capital, Rs 97.10 for Gurugram, Rs 96.77 for Noida, the data showed. Mumbai’s petrol price was marked at Rs 106.31.

Meanwhile, as per the data citing prices in capital cities, Andhra Pradesh had the costliest petrol Thursday, priced at Rs 111.76, while the union territory of Andaman and Nicobar had the lowest price at Rs 84.10. In Hyderabad, the petrol was priced at 109.66 while in Uttar Pradesh’s capital Lucknow, it was Rs 96.57.

While Dehradun, Mangalore and Bhopal saw a rise in their fuel costs, Coimbatore, Indore, Nashik and Pune saw their prices fall.

Also Read– UIDAI news: Update Aadhaar Card details for free, avoid Rs 50 fee; here’s how

Oil Marketing Companies (OMCs) change fuel retail prices every day at 6 am in accordance with the price of crude oil throughout the world. Through excise tax, base pricing, and price caps, Centre controls fuel prices.

The prices of petrol and diesel change state by state, depending upon various criteria such as Value Added Tax (VAT), freight charges, local taxes, etc. The last country-wide change in fuel rates was on 21 May last year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.

Read More:-Capital Gains Tax: Tweak in the offing? What Finance Ministry said on Income Tax revamp | ET NOW EXCLUSIVE

How are Petrol, and Diesel Rates Decided?

Since the cut of excise duty by the central government in May 2022, some states have also reduced VAT prices on fuels, while some have imposed cess on petrol and diesel. The Punjab government decided to impose a cess of 90 paise per litre on petrol and diesel in a meeting of the state cabinet. Kerala Finance Minister KN Balagopal also announced a cess on petrol, diesel and liquor in the second full budget of the LDF government. A social security cess of Rs 2 per litre will be slapped on petrol and diesel. Some cities such as Lucknow saw a minor fall in petrol and diesel prices, check the latest rates here:

Petrol, and Diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on April 20, 2023

CITYPETROL (PER LITRE)DIESEL (PER LITRE)
BengaluruRs 101.94Rs 87.89
ChandigarhRs 96.20Rs 84.26
ChennaiRs 102.86Rs 94.46
GurugramRs 96.66Rs 89.54
KolkataRs 106.03Rs 92.76
LucknowRs 96.54Rs 89.81
MumbaiRs 106.31Rs 94.27
New DelhiRs 96.72Rs 89.62
NoidaRs 96.76Rs 89.93

Read More:-45% property seekers in NCR, 32% in MMR prefer to buy 3BHKs: Report

Oil Minister Hardeep Singh Puri recently asked OMCs to cut the retail prices of petrol and diesel if the crude oil prices in the international market come down and also if OMCs under recovery come down. OMCs incurred a loss of Rs 21,200 crore on account of selling petrol and diesel below the cost price.

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the Corona ep
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the Incom
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5% TDS on amounts exceedi
Read more