New Delhi: Despite the significant fall in the price of crude oil, there was no change in the petrol and diesel price for the 22nd consecutive day today. Crude oil in the international market is currently trading at around $102. Let us tell you that the price of crude oil has been falling continuously for the last one week. On April 18, trading at $114, crude oil reached $12 below its upper level in the month of April. But even after this, the companies selling petrol and diesel are not reducing the price of oil.
It is worth noting that the oil companies last increased the prices of petrol and diesel on 6 April. Since then, there has been no change in the prices of petrol and diesel for the last 22 days. For the last 22 days, oil prices in all major cities including the four metro cities of the country are stable. Petrol is being sold at Rs 105.41 a liter in the capital Delhi on Wednesday and Rs 120.51 in Mumbai.
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Crude oil touched a record level of $140 per barrel
It is worth noting that in view of the possibility of a Russia-Ukraine war, the price of crude oil had started increasing globally from the month of January itself. After this, the price of crude oil reached $100 per barrel in the month of February. After this, the price of oil reached a record level of $140 per barrel in early March. However, after this the prices of petrol and diesel started falling and now it is around $ 102 per barrel.
So much tax is being collected on petrol and diesel
It is not that the price of petrol and diesel in the country has increased due to the cost of crude oil in the international market, but one of the reasons for this is that the tax imposed on it is equally responsible. Let us tell you how much tax is being charged on petrol and diesel. Talking about the tax on petrol and diesel, according to the information given by the company on the website of Indian Oil, on April 16, the price of petrol in Delhi is Rs 105.41. Its base price is only Rs 56.32. Apart from this, Rs 0.20 per liter is added as fare. In this way the price of petrol becomes Rs 56.52. Apart from this, the central government charges Rs 27.90 as excise duty on petrol and diesel. At the same time, the dealer commission is Rs 3.86. Apart from this, VAT of Rs 17.13 is charged by the state government. In this way the total price has reached Rs 105.41. However, the PM today requested the state to cut VAT on fuel for the benefit of the people.
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