The rates of petrol and diesel have been considerably steady in Odisha and other parts of the country. Fuel prices, especially of petrol and diesel, are very sensitive to global crude prices.
Prices of petroleum products have now been aligned to market rates. This means fuel price will rise each time, global crude prices rise and the rupee falls against the dollar.
Petrol is being sold at Rs 103.19 and Rs 103.54 in Bhubaneswar and Cuttack respectively. on Wednesday, while diesel price in Bhubaneswar is Rs 94.76, in Cuttack the fuel's rate is Rs 95.10.
Similarly, petrol is being sold at Rs 108.92 in Malkangiri. In Ganjam, petrol costs Rs 104.66 and in Sambalpur, it is Rs 103.85 per litre.
Likewise, a litre of petrol now costs Rs 103.73 in Bhadrak and Rs 107.79 in Koraput.
Moreover, a litre of petrol in Angul costs Rs 104.74, Rs 103.18 in Balasore, Rs 104.30 in Bargarh, Rs 103.73 in Bhadrak, Rs 105.77 in Bolangir, Rs 104.74 in Boudh, Rs 104.34 in Deogarh, Rs 103.98 in Dhenkanal, Rs 105.66 in Gajapati, Rs 102.71 in Jagatsinghpur, Rs 103.77 in Jajpur.
A litre of petrol costs Rs 103.26 in Jharsuguda, Rs 106.14 in Kalahandi, Rs 104.91 in Kandhamal, Rs 103.11 in Kendrapara, Rs 104.77 in Keonjhar, Rs 103.19 in Khordha, Rs 104.70 in Mayurbhanj, Rs 107.79 in Nabarangpur, Rs 103.47 in Nayagarh, Rs 105.75 in Nuapada, Rs 103.44 in Puri, Rs 107.32 in Rayagada, Rs 104.59 in Sonepur and Rs 104.28 in Sundargarh.
The government on August 18 hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports, but slashed the levy on domestically produced crude oil in line with softening rates.
At the third fortnightly review, the government raised the windfall profit tax on the export of diesel to Rs 7 per litre from Rs 5 a litre and brought a Rs 2 a litre tax on ATF exports, a finance ministry notification showed.