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Diesel Price records highest in history, sold at Rs. 75.20 in Agartala, Petrol Rs. 80.46
TIWN June 29, 2020
Diesel Price records highest in history, sold at Rs. 75.20 in Agartala, Petrol Rs. 80.46
PHOTO : Petrol, diesel prices go higher in Agartala.

AGARTALA, June 29 (TIWN): With the national jumping up in fuel price hikes, Tripura has recorded highest ever Diesel price. On Monday, in Agartala Diesel Price was Rs. 75.20 and petrol price Rs. 80.46. Today’s diesel rates in Agartala are very sensitive to global crude prices. Petrol prices in Agartala have been turning more volatile, as prices of crude oil have been showing a firm trend. Today’s petrol price in Agartala ₹ 80.46 (29th June 2020). The government on March 14 hiked excise duty on petrol and diesel by Rs 3 per litre each and then again on May 5 by a record Rs 10 per litre in case of petrol and Rs 13 on diesel. The two hikes gave the government Rs 2 lakh crore in additional tax revenue. Currently, at the national capital, Delhi, Petrol costs Rs 80.38 a litre and diesel 80.40 per litre. Mumbai’s petrol prices touched Rs 87.14 a litre, while diesel went up to Rs 78.71 a litre. In Kolkata, the prices were at Rs 82.05 and Rs 75.52 a litre, respectively. In Chennai, petrol was at Rs 83.59 while diesel was selling at Rs 77.61.

Over 63 per cent of the retail selling price of the fuels is taxes. Rates of petrol, diesel differ from state to state, depending on the incidence of VAT.

Explaining the reason behind the spike in petrol and diesel prices, IOC chairman Sanjiv Singh told Mint that while the international demand has been picking up, the crude oil prices are also going up, simultaneously.

Retail prices of petrol and diesel in India track global prices of auto fuels, not crude, though they are broadly linked to the latter's price trends.

 

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