New Delhi: Regular gasoline now requires Rs 100-Plus per liter at all four Metro, with Delhi and Kolkata joining the league consecrated on Wednesday because high taxes continue to increase the impact of oil prices in the international market.
Gasoline prices in the national capital and Kolkata crossed Rs 100 after the 36th grade since May.
On May 29, Mumbai State Financial Capital was the first to get a doubtful difference to the first metro to see gasoline sales for Rs 100 per liter.
Chennai was next to seeing fuel reaching a century in July.
Gasoline sells for RS 100 for the first time in the country in the Sri Ganganagar district of Rajasthan on February 17.
After the latest price revision, the price of gasoline is now at its peak.
Toi has been on February 25, first reporting that Rs 100 could be a new normal for gasoline.
Diesel prices also increased above the RS 90 per liter in most countries and passed RS 100 in several parts of Rajasthan, Odisha and Madhya Pradesh.
Record prices are associated with rally in oil prices since January because crude oil is a factor in determining fuel.
Rally has boosted the cost of purchasing Indian crude oil from $ 55 per barrel in January to $ 77 this week.
As a result, the ‘basic price’, or dealer prices, gasoline in Delhi – the reference market with moderate fuel tax – has increased from Rs 28.50 per liter in the second two weeks of January to RS 39.29 at this time.
Diesel’s basic prices have increased from Rs 29.53 A Liter to Rs 41.74 during this period.
However, the price of gasoline consumers, however, jumped from RS 84.70 per liter on January 16 to Rs 100.21 and Diesel from Rs 74.88 per liter to Rs 89.18 during the period.
This is because taxes are collected by centers and countries dictate consumer prices, although gasoline and diesel rates are determined according to their international quotes and rupee-dollar exchange rates.
Consumers in the state with higher taxes finally pay more at the same base price.
The center raised customs in the amount of Rs 13 on gasoline and RS 16 on Diesel when oil prices collapsed between the handler and maybe because of a pandemic.
This encouraged customs for gasoline from Rs 19.98 per liter to Rs 32.98 and from Rs 15.83 to RS 31.83.
The state, including Delhi, also boosted VAT.
Obviously then these taxes must be blamed for the price of the recording pump as a crude oil rally.
Two taxes now accounce on 55% of the retail price of gasoline in Delhi and 50% of Diesel’s consumer prices.