Petrol And Diesel Price Cut By 2 Rupees From 4th October

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Petrol And Diesel Price cut by 2 rupees : There has been a great news today for people troubled by rising oil prices. Petrol And Diesel Price cut by 2 rupees and are going to be cheaper from 4th October. The government has announced reduction of excise duty on petrol and diesel, which will cut the cost of petrol and diesel by two rupees. For the past few years, the government was surrounded due to the increase in prices of petrol and diesel, as the prices of crude oil in the international market have been rising continuously since many times. The reduced fuel prices will be effective from midnight today.

Petrol And Diesel Price Cut By 2 rupees : Between July 1 and September 20, petrol was worth 7.43 rupees.

Let’s tell you that the price of petrol and diesel is going on continuously throughout the country. Between July 1st and September 20th, petrol prices in Delhi increased by Rs 7 to 43 paise and diesel prices increased by 5 rupees and 44 paise.

Petrol And Diesel Price Cut By 2 rupees : Government Told International Reason For Petrol Price Hike

View of the criticisms of hawala prices hike, Petroleum Minister Dharmendra Pradhan had said that in August month, crude oil prices had increased due to two terrible storms in the US. At the same time, the refinery capacity decreased by 13 per cent worldwide. In the last three months, international prices of petrol have gone up by 18 per cent, diesel has increased by 20 per cent in international prices. Due to this, prices of petrol and diesel were seen in India.

Petrol And Diesel Price Cut By 2 rupees : So much Price increase in Delhi
From July 1, the price of petrol in Delhi has gone up by 7 rupees 74 per liter. At the same time, diesel prices have increased by Rs 5.74 per liter. In Delhi, on October 2, the petrol was sold at Rs 70.83 and diesel at the rate of Rs 59.07.

Petrol And Diesel Price Cut By 2 rupees

Petrol And Diesel Price Cut By 2 rupees : Account of excise

In April 2014, the excise duty on petrol was 9.8 per liter. Now in 2015-2016, after several hikes, it is now 21.48. At the same time, in April 2014, the excise duty on diesel was 3.65 liters, which is now 17.33 per liter. After the reduction in excise duty of 2 rupees, excise duty on petrol is now Rs 19.48 per liter. At present, the excise duty on diesel has come down to 15.33 rupees now.

Petrol And Diesel Price Cut By 2 rupees : What Petroleum Ministry Says

Recently, the price of petrol and diesel was decided on the basis of the price of crude oil every day. Earlier it was started as an experiment in five cities of the country and later this rule was implemented for the whole country. Keep in mind that on the basis of change in petrol and diesel prices in the international market, prices change every day and the new price is considered effective from six o’clock every day.