Uttar Pradesh government hiked by Rs 2 on petrol and Rs 1 per liter on diesel

BusinessUttar Pradesh government hiked by Rs 2 on petrol and Rs 1...

Date:

Uttar Pradesh government hiked by Rs 2 on petrol and Rs 1 per liter on diesel

Lucknow: The Uttar Pradesh government on Wednesday approved a hike in the prices of petrol and diesel, a state minister said.

Briefing reporters after the state cabinet meeting here, Uttar Pradesh Finance minister Suresh Khanna said, “The UP government has increased the price of petrol by Rs 2 per litre, and that of diesel by Rs 1 per litre.”

He added, “Petrol will now cost Rs 73.91 per litre in UP, while diesel will be available at Rs 63.86 per litre. The hiked prices will come into effect from midnight today.”

The move follows the Centre’s decision on Tuesday to increase excise duty on petrol by a record Rs 10 per litre and Rs 13 per litre for diesel. The hike, however, did not push up fuel prices as global oil prices have dropped to a nearly two-decade low.

The cash-strapped government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record increase in excise duty on petrol and diesel.

Share post:

Subscribe

Popular

More like this
Related

Airtel announces special IPL Bonanza offers starting at INR 39

New Delhi, March 22, 2024: Cricket fever captivates the...

How To Travel Without Money In India

Lifestyle Desk— Travel for free! Yes, you heard it...

Special Holi Offers on Two-wheeler Bookings from Bajaj Finance

Bajaj Finance offers fabulous discounts and deals when you...

Google Pixel 9 Series will be three models: A closer look at the details!

Tech Desk— Google Pixel 9 Series has always been...