Published On: Fri, Apr 20th, 2018

Petrol, Diesel Prices At Record High Since September 2013

Petroleum products are at record high prices since September 2013 and consumers have started feeling the pinch. In Mumbai a litre of petrol has reached Rs. 81.93 and diesel at Rs 69.54.

Petrol, Diesel Prices At Record High Since September 2013

In September 2013 the price of petrol was at the highest and one litre pinched consumers with Rs 83.62 in Mumbai.

Oppositions have started raising voice to bring petroleum products under GST and asked ruling BJP government why it is failing to take the step even after it is boasting having rule in 22 states.

Former finance minister P Chidambram tweeted, “Crude oil price at $74 per barrel is still lower than $105 four years ago. So, why are Petrol/Diesel prices higher today than they were in May 2014?”

On 13 May 2014 petrol was at Rs 80 per litre in Mumbai. The period was just ahead of the new BJP government, during the end of UPA government.

The current government increased taxes on petroleum products when the petroleum products prices fell, but it is not cutting on the same when the prices are rising.

Petroleum products are deregulated commodity in the India and it is market driven.

A Mumbai based oil analyst said taxes should be reduced on the petroleum products as consumers are burdgened with high price and this may also lead to inflation.

Current prices of petrol and diesel in Delhi:

Petrol – Rs 74.08 per litre (excise duty component of Rs 19.48 and VAT of Rs 15.75)
Diesel – Rs 65.31 per litre (excise duty of Rs 15.33 and VAT of Rs 9.62)

About the Author

- Paul Linus is an eminent online journalist who has been writing news, features and editorials on different websites from across the world for about a decade. He can be contacted at knowledgeherald@gmail.com

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