Increase in gasoline prices: The Central Government increased the excise duty of gasoline and diesel £2, everyone, said a circle from the Ministry of Finance on Monday.
Prices of gasoline and diesel throughout India are expected to significantly increase the prices of gasoline and diesel.
The growth of gasoline prices and an increase in diesel prices will come into force from 8 April, the ministry said in its notice.
The decision comes at a time when global oil prices are volatility.
What is the increased gasoline excise duty?
The supplies of gasoline have been increased to £13 per liter on diesel £10, the command said.
Gasoline, Raising Diesel Prices: Will you pay more?
The Ministry of Oil and Natural Gas on Monday explained to consumers to increase gasoline prices and stated that customers would not be influenced by the decision.
“Society for marketing PSU oil has reported that there will be no increase in retail prices #petrol and #diel, after an increase in the increase in today’s consumer rates,” the ministry said.
The increased excise tax is likely to be adjusted against lowering gasoline and diesel prices, which were guaranteed due to a decrease in international oil prices, PTI previously reported about the citation of experts in the field.
That is why customers will not feel heat to increase the price of gasoline, according to the press agency.
Hardeep Singh Puri says fuel prices can be modified
The Minister of Union Hardeep Singh Puri, who dealt with a press briefing, said there would be no “fuel prices” right now.
“Let me clarify in advance in the record, it will not be handed over to the consumer … The international oil price has dropped to approximately $ 60 per barrel, but remember that our oil marketing companies transport supplies for $ 45,” he said.
Puri also noted that the price of gasoline and diesel could be modified in the future.
“You can legitimately expect that gasoline and diesel prices will be moderated by oil marketing companies in accordance with the global price. In the deregulated sector, you can expect to adjust the market retail price,” he said.
“As we go forward, gas prices are expected to drop around the world,” he said, adding that if such a thing happens, prices will be modified.
(Tagstotranslate) gasoline
