New Delhi, Sep 13 : The petrol prices touched an all-time high of Rs 81 in Delhi today as oil marketing companies (OMCs) increased fuel rates by 13 paise. While a litre of petrol is being sold at Rs. 88.39 in Mumbai, Rs. 84.19 in Chennai and Rs. 82.87 in Kolkata.
The rates of diesel were also increased by 11 paise reaching Rs 73.08 per litre in the national capital, IOCL app data showed. In Mumbai,diesel can be purchased at Rs 77.58 per litre today. In Chennai,diesel at Rs 77.25 per litre.Diesel is available at Rs 74.93 per litre in Kolkata.
Mumbai has the highest VAT (Value Added Tax) of 39.12 per cent on petrol, while Telangana levies highest VAT of 26 per cent on diesel. Delhi charges a VAT of 27 per cent on petrol and 17.24 per cent on diesel. The total tax incidence on petrol comes to 45-50 per cent and on diesel, it is 35-40 per cent.
A weak rupee, high excise duty and expensive crude oil is pushing petrol and diesel to record highs under the daily dynamic pricing regime.
As per the country’s pricing mechanism, the domestic fuel prices are dependent upon the international fuel prices on a 15-day average and the value of rupee.