Today 14 April Petrol Diesel price in India : पेट्रोल डीजल की कीमतों में भारी गिरावट ₹10 तक कम हो सकता है पेट्रोल-डीजल कीमत

 

Today 14 April Petrol Diesel price in India : पेट्रोल डीजल की कीमतों में भारी गिरावट ₹10 तक कम हो सकता है पेट्रोल-डीजल कीमत

Petrol and diesel prices in India continue to be a major concern for consumers, as they have been experiencing fluctuations on a daily basis. On April 13, 2023, the price of petrol and diesel in India have remained the same as the previous day, with no change in prices across all major cities in the country.

Today 14 April Petrol Diesel price in India

As of today, the petrol price in Delhi stands at Rs. 114.21 per litre, while diesel is priced at Rs. 103.57 per litre. In Mumbai, the petrol price is Rs. 120.46 per litre and diesel is priced at Rs. 110.08 per litre. The prices of petrol and diesel may differ from one state to another due to the difference in taxes and transportation costs.

The daily price revision system, which was introduced in 2017, is followed by all state-run oil marketing companies including Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL). The prices of petrol and diesel are based on the international crude oil prices and the exchange rate of the Indian currency.

The international crude oil prices, which have a direct impact on the prices of petrol and diesel in India, are determined by global supply and demand dynamics, geopolitical tensions, and OPEC’s production decisions. Any change in these factors could lead to a rise or fall in the prices of petrol and diesel in India.

In addition to this, the central and state governments in India impose various taxes on the prices of petrol and diesel. The central government imposes an excise duty, while the state governments impose a value-added tax (VAT) on the prices of petrol and diesel. These taxes contribute significantly to the final prices of petrol and diesel in India.

Today 14 April Petrol Diesel price in India

The prices of petrol and diesel in India have been fluctuating for the past few months due to various factors such as the global crude oil prices, currency exchange rates, and the tax structure in the country. However, the government has taken several measures to ease the burden on consumers.

One such measure is the reduction in excise duty on petrol and diesel. In October 2022, the central government reduced the excise duty on petrol and diesel by Rs. 5 per litre. This move was aimed at reducing the burden on consumers, who were already reeling under high fuel prices.

Apart from this, several state governments have also reduced the VAT on petrol and diesel. These measures have provided some relief to consumers, who have been facing the brunt of rising fuel prices for the past few months.

Despite these measures, the prices of petrol and diesel in India are likely to remain high in the near future. This is because the global crude oil prices are expected to remain high due to the ongoing geopolitical tensions and OPEC’s production decisions. Moreover, the Indian rupee is expected to remain weak against the US dollar, which could further increase the prices of petrol and diesel in India.

In conclusion, the prices of petrol and diesel in India are expected to remain volatile in the near future. While the government has taken several measures to ease the burden on consumers, the prices of petrol and diesel are likely to remain high due to the global crude oil prices and the tax structure in the country. Consumers should continue to monitor the prices of petrol and diesel and adopt measures to reduce their fuel consumption.

 

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