For the thirteenth day in a row, fuel prices remained unchanged on April 16th, 2022, according to the Energy Information Administration. The state-owned oil marketing companies have failed to update the diesel price in recent days (OMCs).
In recent weeks, the price of petrol in Mumbai has become more volatile as the price of crude oil has maintained a steady upward trend. Even if you are not planning to drive for a long distance, it is a good idea to check the current petrol price in Mumbai of 120.51 (19th April 2022).
Keep in mind that petrol and diesel prices are revised on a daily basis, so if you are travelling a long distance, you could lose a significant amount of money. Because the rupee has been depreciating against the dollar, petrol prices in Mumbai are now more expensive than they were previously.
It is hoped that the government will be able to lower excise duties in order for rates to become more affordable in the coming days and weeks.
The current price of gasoline varies in different states and the capital depending on various factors. Delhi on the other hand, the nation’s capital, the price of petrol is Rs. 105.41 per litre, while the price of diesel is Rs. 96.67 per litre. Prices have remained high in other major metropolitan areas as well. Following a notification from OMCs,
the prices for petrol in Kolkata and Chennai were Rs. 115.12 and Rs. 110.85 per litre, respectively, and the prices for diesel were Rs. 99.83 and Rs. 100.94 per litre, respectively.
Prior to this period, the price of petroleum had risen by as much as 10 rupees in a period of 16 days before this one. The cost of fuel varies from state to state depending on factors such as taxes, transportation costs, and other factors.
Fuel prices in the country are revised on a daily basis in response to changes in international crude oil prices and fluctuations in the value of the national currency.
The cheapest petrol is currently available for purchase in Port Blair for 91.45 rupees per litre, while the most expensive petrol is currently available for purchase in Parbhani, Maharashtra for 123.47 rupees per litre.
Hardeep Singh Puri, the union minister for petroleum and natural gas, said that the union government has requested the state to reduce the VAT rate on petroleum and diesel in order to provide relief to consumers. “Our goal is to keep prices under control,” the minister said to the media.
Therefore, the Centre slashed excise duty on petrol and diesel last year and asked the state government to do the same.
Fuel prices in our country are revised on a daily basis as a result of external factors such as fluctuations in crude oil prices and fluctuations in foreign exchange rates.
Libya was forced to halt exports, and China decided to reopen its factories after a three-week shutdown due to COVID-19, which resulted in little movement in oil prices of more than 1% during the previous season.
Ajit Pawar, the Deputy Chief Minister of Maharashtra who also serves as the state’s Finance and Planning Minister, stated on Saturday that the price of gasoline and diesel will continue to rise.
When asked about the rising trends in fuel prices immediately following the results of five state elections, Pawar responded, “I don’t know.”
“Prices are expected to rise even further. This is taking place as a result of the ongoing conflict between Ukraine and Russia. The price of petrol has been influenced on a global scale.”
When asked about the rising trends in fuel prices immediately following the results of five state elections, Pawar responded,
“The prices will rise further. This is happening because of the ongoing war between Ukraine and Russia. The price of petrol has been impacted globally.”
Published By : Chittajallu H S Kumar
Edited By: Kiran MaharanaÂ
