Diesel Price In Andhra Pradesh Today

News About Diesel Price In Andhra Pradesh

• Andhra Pradesh Sees Rise in Petrol and Diesel Prices

  The VAT charges on fuel products such as petrol and diesel were increased by the government on Andhra Pradesh on Thursday last week. The price of both fuels in the south Indian state have risen marginally due to the decision made by the government. The government had released a circular on Wednesday last week, announcing that VAT on petrol and diesel will increase. The reason for the increase in the same is attributed to the state’s efforts to increase tax revenue in the state. The government is set to levy 35.20% VAT on petrol. Previously, the government charged 31% VAT + Rs.2. Diesel has also seen an increase in VAT, with an increase from 22.25% + Rs.2 to 27%. The government of Andhra Pradesh is expecting to generate an extra Rs.500 crore through the increase in VAT. As a result of the increase in VAT on both fuel products, the price of petrol in the state has increased by a margin of Rs.0.50 to Rs.0.70. Diesel, on the other hand, has seen prices rise by Re.1 in Andhra Pradesh. According to market experts, the increase in fuel prices is due to the fact that both the state government as well as the Centre are facing prolonged slowdowns and having a hard time with the collection of tax revenue.

  

  31 January 2020

• Fuel Prices Rise by 70-80 paise per litre in the Last Nine Days

  Prices of petrol and diesel have begun to rise after the end of the Lok Sabha elections on 19 May 2019. While petrol prices have inclined by 83 paise per litre in the last nine days, diesel rates have risen by 73 paise. This is expected to rise in the coming days and months as crude oil prices have increased by about 23%; however, fuel prices have not increased in the same percentage. Crude oil prices were trading around $56 per barrel is currently trading around $70 per barrel. Fuel prices in India are proportional to international crude oil prices and the rupee-dollar exchange rate. State-owned Oil Marketing Companies (OMCs) determine the retail price of petrol and diesel by considering the 15-day average price of crude and the rupee-dollar exchange rate. The rise in crude oil prices comes amid supply cuts led by the OPEC and its allies as well as the declining oil production in Venezuela and US sanctions on Iran.

  

  13 June 2019

• Jet Fuel Rates Hit a 7-month Low After Indian Oil Reduces The Price

  Indian Oil Corporation is one of the leading fuel retailer in the country. Recently, Indian Oil reduces the jet fuel prices for both international and domestic carriers. According to a statement releases by Indian Oil, on 01 December 2018, the jet fuel price for domestic airline in Delhi was reduced to Rs.68,050.97 per kiloliter. This is an 11% reduction compared to the previous month. The data also revealed that this is the lowest jet fuel price since 01 May 2018. However, in November 2018, jet fuel prices hit a 5-year high.

  

  6 December 2018

• Petrol Price Touch 90 Rupees in Maharashtra

  Petrol prices rose to touch Rs.90 per litre in Maharashtra on Tuesday. In a city located in eastern Maharashtra, Parbhani petrol costs Rs.90.05 a litre, while diesel costs Rs.77.92. In Mumbai, fuel prices were hiked as well with petrol being sold at Rs.88.26 a litre, up by 14 paise. Diesel prices were increased by 15 paise to cost Rs.77.47 in the financial capital. In Delhi, petrol prices were hiked as well with the fuel being sold at Rs.80.87 per litre, while diesel is available at Rs.72.97 per litre, a hike of 14 paise on both fuels. Rajasthan and Andhra Pradesh cut taxes to reduce fuel prices in their cities, while Andhra Pradesh decreased prices by Rs.2 a litre, Rajasthan reduced it by Rs.2.5 per litre on both petrol and diesel. Fuel prices are fixed by State-run oil companies and are revised every day under the dynamic fuel pricing mechanism. Oil companies fix petrol and diesel prices based on the global crude oil price and the exchange rate of rupee over the US dollar. Petrol and diesel prices have been on the rise since 15 August 2018 with the petrol price risen by Rs.3.73 a litre and diesel by Rs.4.25 since then.

  

  12 September 2018

• Mayawati Smashes the BJP Government for not Controlling Fuel Prices

  On Wednesday, 1/8/2018, Mayawati, who is the president of BSP, smashed the NDA government for increasing the price of gas, saying the rich will only be benefited. The President of BSP said in a press release that the NDA Government is concerned only about the rich in lieu of prolonging the relief to the poor. She further said that both diesel and petrol prices have already reached their record highs and the common people are struggling to pay the price. The increased gas price will overburden the common people further.

  

  3 August 2018

• Checkout Diesel Rates in Indian Metro Cities

  On Wednesday, diesel rates were not changed by the Indian fuel companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum. The fuel marketing companies today follow the system of dynamic fuel pricing in order to reset the price of diesel. The variations in the fuel rates are based on the USD/INR exchange rate and the price of crude oil. As on 25 July 2018, diesel rates stood at Rs.67.79 a litre in Delhi, Rs.70.48 a litre in Kolkata, Rs.71.97 a litre in Mumbai and Rs.71.59 a litre in Chennai respectively.

  

  27 July 2018

• The Crude Oil Import Bill for India has Increased by 57% in June 2018

  The crude oil import bill for India was up 57% to $12.73 billion in the month of June 2018. It was caused by a 60% rise in the cost of Brent crude oil. Brent Crude oil is considered as the benchmark for the 50% of the globe’s crude. Energy hungry India will reach in excess of 82% of its unrefined oil requirements via imports. Current Account Deficit and fiscal deficit for indigenous economy have been negatively impacted by the recent increased crude oil costs.

  During the first quarter of the current financial year 2018-2019, the total import bill in India was up 49% to $34.64 billion. It was $23.18 billion in the corresponding quarter last year. The Current Account Deficit of India is expected to hover between @22 billion to $31 billion in the present fiscal year completing on the 31st of March 2019. As per Petroleum Planning and Analysis Cell, which is the statistical wing of the Oil Ministry, the crude oil bill in India is expected to increase by 24% in the calendar year 2018-2019.

  

  18 July 2018

• Diesel Prices Reduced Further by 7 Paise

  Diesel prices were reduced further by 7 paise in Delhi. Country’s largest fuel retailer, on Thursday, announced diesel is sold at Rs.68.73 per litre in the National Capital, while in Mumbai diesel will be sold at Rs.73.17 a litre. Among the metros and most state capitals Delhi has the cheapest diesel price. Diesel prices differ from state-to-state based on the Value Added Tax (VAT) or local sales tax. The depreciation in diesel prices is attributed to lower crude oil prices in the global market and a weaker US dollar over other emerging currencies. Diesel prices have fallen by nearly 60 paise in Delhi in the last nine days. Along with the reduction in diesel prices, petrol price were cut by 9 paise in Delhi falling nearly by 80 paise in the last nine days.

  

  7 June 2018

• Diesel Price In India Today Remains Unchanged

  Diesel price in India today remained unchanged compared to the previous day in several state capitals of India. In the backdrop of higher international crude oil prices, diesel prices reached an all time high in the country.

  Supported by a recovery in the equities market and on a technical bounce, on Wednesday, the global crude oil edged up after the largest daily percentage drop in almost a year.

  New Delhi diesel price was available at Rs 64.82 per litre, Kolkata at Rs 67.51 per litre, Mumbai at Rs 69.02 per litre, and Chennai at Rs 68.38 per litre.

  Diesel was available in Bangalore at Rs 65.91 per litre, Bhopal at Rs 68.21 per litre, Bhubaneswar at Rs 69.54 per litre, Chandigarh at Rs 62.93 per litre, Dehradun at Rs 65.17 per litre, Gandhinagar at Rs 69.61 per litre, Hyderabad at Rs 70.43 per litre, Jaipur at Rs 69.12 per litre, Lucknow at Rs 65.01 per litre, Patna at Rs 69.44 per litre, Raipur at Rs 70.01 per litre, and Srinagar at Rs 68.14 per litre.

  

  3 April 2018

• Petrol Prices aligned to overseas Crude Oil Rates – says Indian Oil Company

  “The Indian petrol and diesel prices have been interlinked to international prices,” Said Sanjeev Sharma, who is the Chairman of Indian Oil Company. “In overseas markets, prices have been varying. They will be replicated in national prices. We should not take into the current market prices. No product rates should be co-related with international crude oil prices,” he added further.

  In some quarters, the government is said to have alleged that the government recommended state-run oil marketing businesses not to accelerate the rate of petrol. Through a few accounts, an increase of 45 paise justified in the rates of petrol and diesel was not transmitted. Fuel rates at Indian Oil Company, Hindustan Petroleum and Bharat Petroleum were down by 2-4 paise each day in the first 15 days of December 2017.

  

  2 February 2018