Mumbai: Mumbai on Saturday became the first metro in the country where the price of petrol hit a century and retailed at Rs 100.19 per litre. Diesel, too, hit a new all-time high of Rs 92.17 in the city.
Over the past seven years, there has been a Rs 17 drop in the per litre base price of petrol due to the reduction in international crude oil rates between August 2014 ($118) and May 2021 ($68). Yet, fuel rates have increased due to taxes imposed by both state and Central governments, which contribute to 66% of what a motorist pays, said Kedar Chandak, senior petrol dealer and pricing expert.
Chandak further said the Central government frequently increased the excise duty on petrol. Meanwhile, the state-imposed taxes and VAT, the third-highest in the country.
Denne historien er fra May 30, 2021-utgaven av The Times of India Mumbai.
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Denne historien er fra May 30, 2021-utgaven av The Times of India Mumbai.
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