For the first time in the country, diesel gets pricier than petrol.
So, what’s the talk of the town these days? Yes, the highly fluctuating petrol and diesel prices. In the last five days, however, the prices of the petroleum have dropped a bit – thanks to the softening global crude oil prices. While the prices of the petrol are higher than diesel across the nation, Bhubaneswar (the capital of Odisha) is an exception.
For the first time in the country, diesel gets pricier than petrol. On Saturday, the prices of the diesel and petrol stood at 80.97 per litre and Rs 80.90 per litre respectively. On Sunday, diesel was being dispensed at Rs 80.69 per litre and petrol was priced Rs 80.57 per litre. Read – Punjab CM, Ministers & Officials To Get Over 400 Luxury Cars
Usually, diesel retail price is lower than the gasoline due to three factors – base price, dealer commissions and lower taxes. Due to the increasing global demand for the fuel, the base price of diesel has shoot up by Rs 5.
Unlike other states, the VAT on gasoline and diesel is same in Odisha. And that’s the reason why diesel gets more expensive than petrol in its capital city. The oil companies’ data reveals that the dealers pay around Rs 43.49/L and Rs 13.83/L for petrol and diesel respectively, excluding tax. The centre excise duty for petrol is Rs 17.80/L and Rs 13.83/L for diesel and the dealer commission is around Rs 3.50/L for petrol and Rs 2.50/L for diesel. Read – Uniform Smart Driving Licenses & RCs Across India In 2019
This fuel price fluctuation has set the state politics on fire. Shashi Bhusan Behera, the Finance and Excise Minister of Odisha, said either the oil companies were out of control of Centre or there was a connection between them that caused this situation. Dharmendra Pradhan, the Union Petroleum Minister, said the fuel price fluctuation is due to the state’s high taxes.
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