Now Reading: Petrol, diesel prices hold steady across major Indian cities
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Petrol, diesel prices hold steady across major Indian cities
Petrol and diesel prices remained unchanged on August 8 across major Indian cities. In Mumbai, petrol costs Rs 104.21 per litre and diesel Rs 92.15. Bengaluru petrol is Rs 104.86 for petrol…
The Story in Brief
Petrol and diesel prices remained unchanged on August 8 across major Indian cities. In Mumbai, petrol costs Rs 104.21 per litre and diesel Rs 92.15. Bengaluru petrol is Rs 104.86 for petrol and Rs 88.94 for diesel. Chennai petrol sells at Rs 101.85, diesel at Rs 89.02. Kolkata petrol is Rs 104.85, diesel Rs 91.76.
Retail fuel prices depend on international crude oil rates, the rupee-dollar exchange rate, government taxes, transportation costs, and local demand and supply conditions. Oil marketing companies revise rates daily based on these factors.
The Indian Opinion
The public debate about fuel prices always ignores the real story. International crude prices have fallen but consumers see no relief because central and state taxes keep the floor high. Instead of blaming oil companies, citizens should hold both the Centre and state governments accountable for the tax burden. Watch if the next Union Budget reduces excise duty or if states cut VAT, those numbers will reveal who actually cares about pump prices.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
