Diesel prices up by Rs 7.10 a litre, petrol by Rs 1.67 in Delhi

Petrol Diesel Price Rate Today: A litre of petrol now costs Rs 75.54 in Chennai as compared with Rs 72.28 a litre on Monday. Diesel is retailing at Rs 68.22 a litre, Rs 2.51 more than Monday’s rate
diesel petrol

New Delhi, May 5 : Diesel has become costlier by Rs 7.10 per liter in Delhi while petrol prices were increased by Rs 1.67 per liter on Tuesday.

The Delhi government in an order dated May 4 announced to increase the Value Added Tax (VAT) on petrol to 30 per cent from the existing 27 per cent while 30 per cent on diesel from the existing 16.75 per cent.

According to Delhi government officials, the move to hike fuel prices is expected to boost the government revenue, which has been hit hard due to the coronavirus lockdown.

On Monday night, the Delhi government had also ordered to impose a 70 per cent ‘Special Corona Fee’ cess on liquor.

Petrol became Rs 3.26 paise costlier today in Chennai and is selling at Rs 75.54 per litre while diesel price went up to Rs 68.22, Rs 2.51 more than yesterday’s price of Rs 65.71 per litre. Os late, petrol, diesel prices have been increased in Assam, Haryana, Nagaland, Karnataka, West Bengal, due to a hike in VAT imposed by state governments.

OMCs today refrained from changing local prices of petrol and diesel in other metropolitan cities across the country. The pump prices of petrol and diesel in Mumbai are stagnant at Rs 76.31 a litre and Rs 66.21, respectively. Likewise, citizens in Kolkata have to shell out Rs 73.30 for a litre of petrol while diesel retailed at Rs 65.62 per litre.

In Hyderabad, a litre of petrol costs Rs 73.97 whereas diesel is now priced at Rs 67.82 per litre. Similarly, in Bengaluru, a litre of petrol is priced at 73.55 per litre and diesel at 65.96 per litre today, no change in rates as compared with Monday’s rates. Local prices of petrol in Noida remained steady at Rs 72.03 a litre while diesel costs Rs 62.96per litre.

After the prices of the petrol and diesel were increased, Deputy Chief Minister Manish Sisodia, who also holds the portfolio of Finance Minister, in a tweet said, “Life isn’t all about rainbows and sunshine. Tough times need Tough solutions – my learning as Finance Minister.”

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