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Petrol, Diesel prices remain stable for 2nd day after touching new highs, LPG price hike effective today

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Retail fuel costs stayed consistent for the second back to back day the nation over in the wake of contacting record highs on Saturday (February 27). The cost of Liquified Petroleum Gas (LPG) or cooking gas was additionally climbed by Rs 25 compelling today.

A homegrown LPG chamber weighing 14.2 Kilogram will presently cost Rs 819 in the public capital. A business chamber gauging 19 Kilogram will cost Rs 1614 for every chamber, Rs 95 higher than previously.

While the costs of LPG chambers are amended toward the start of the month, February saw the update twice.

The costs of petroleum and diesel in New Delhi remained at Rs 91.17 per liter and Rs 81.47 per liter, separately, as per the Indian Oil Corporation Limited (IOCL). In Mumbai, the cost of petroleum is Rs 97.57 per liter. The cost of diesel remained at Rs 88.60 per liter.

The expansion in the earlier weeks has taken petroleum to cross noteworthy undeniable degrees of Rs 100 a liter in a few urban areas the nation over. The fuel costs have expanded in the midst of an assembly in worldwide raw petroleum costs, with Covid inoculation drives across the world.

In the interim, the costs of petroleum and diesel in Chennai remained at Rs 93.11 and Rs 86.45 per liter, separately. The cost of petroleum and diesel in Kolkata was steady at Rs 91.35 per liter and Rs 84.35 per liter, after the survey bound territory of West Bengal cut the state esteem added charge (VAT) by Re 1 on February 20.

On February 26, Puducherry Lt Governor Tamilisai Soundararaja declared a 2 percent decrease in Value Added Tax (VAT) on petroleum and diesel in the association domain, announced ANI. While there has been no rest from the middle in tax reductions for petroleum and diesel, states including West Bengal, Assam, Rajasthan and Meghalaya.

On February 26, Union Oil Minister Dharmendra Pradhan had said that the seething fuel costs will descend as the colder time of year closes.

“Costs will descend a little as winter disappears. It’s a global matter, cost is high because of expansion popular, it occurs in winter. The cost will descend,” he said, as cited by ANI.

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