Prices of petroleum products have now been aligned to market rates. This means fuel prices will rise each time, global crude prices rise and the rupee falls against the dollar.
In the twin city, customers are reportedly paying Rs 103.11 per litre of petrol and Rs 94.68 per litre of diesel in the State Capital on August 18
We have been seeing an uptick in global crude prices, which has also pushed petrol and diesel rates in Odisha higher.
As per August 13 updates, petrol is being sold at Rs 103.47 and Rs 103.78 in Bhubaneswar and Cuttack respectively. On Saturday, while diesel price in Bhubaneswar is Rs 95.03, in Cuttack the fuel's rate is Rs 95.33.
In the Twin City, petrol is being sold at Rs 103.60 and Rs 103.38 in Bhubaneswar and Cuttack respectively. While diesel price in Cuttack is Rs 94.93, the fuel's rate is Rs 95.15 in Bhubaneswar on Thursday.
The prices of petrol and diesel have been considerably steady in Odisha and other parts of the country even as international crude prices slumped on concerns of a potential global recession.
Customers are reportedly paying Rs 103.60 per litre of petrol in the State Capital while diesel is being sold at Rs 95.15 a litre. In Cuttack, customers are paying Rs 103.38 and Rs 94.93 per litre of petrol and diesel respectively.
Customers are reportedly paying Rs 103.01 per litre of petrol in the State Capital while diesel is being sold at Rs 94.68 a litre, an 8 paise reduction in price from Friday. In Cuttack, customers are paying Rs 103.28 and Rs 94.84 per litre of petrol and diesel respectively, a 26 paise fall from Friday.
On Saturday, almost every part of the State witnessed a marginal rise in fuel prices. While the Capital city Bhubaneswar witnessed an eight paise rise in Petrol prices taking it to 103.19 per litre, the millenium city of Cuttack saw a rise of 21 paise
Further, the Rs 23,250 per tonne additional tax on crude oil produced domestically has been cut to Rs 17,000 per tonne.
Deputy CM Devendra Fadnavis said the decision was part of the Shiv Sena-BJP government's commitment to people's welfare and would directly benefit the masses.
The Oil Marketing Companies (OMCs) effected as many as 14 hikes of petrol and diesel between March and April 6, putting the prices of the fuel on a higher side. The rise in the prices of petrol and diesel has hit the common man hard.
Disruptions in the US Gulf Coast production following Hurricane Ida and other storms have led to sharp draws in the American and global inventories.
Fuel prices have been hovering at record levels on account of 41 increases in its retail rates since April this year.
Jharsuguda: Amidst outrage across the country over rising fuel prices, Union Petroleum Minister, Dharmendra Pradhan today urged Odisha Chief Minister, Naveen Patnaik to reduce VAT on petrol & diesel like other state governments. “The central government had already deducted excise duty on petrol and diesel a few months ago. Many states have started reducing the […]
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