If you are worried about rising oil prices, there is good news for you. There has been no change in the latest prices of petrol and diesel. However, prices are still at record levels. Let us know what are the rates of petrol and diesel in your city.
As on July 1, the central government had hiked petrol prices in Delhi by 33.29% and Rs State Government 23.07%. At the same time, the central government levies 35.66% tax on diesel and the Delhi government levies 14.62% tax. In 2020, crude oil prices fell, but then due to the epidemic, the central government increased excise duty.
Last year, the excise duty on petrol was increased from Rs 19.98 to Rs 32.9. At the same time, on diesel, it was increased from Rs 15.83 to Rs 31.80. After the increased excise duty, from April 2020 to March 2021, Rs 3.35 lakh came into the exchequer through petrol and diesel. In the first financial year, the government earned Rs 1.78 lakh crore from petrol and diesel. In the year 2018-19, the government earned Rs 2.13 lakh crore from petrol and diesel.