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.
The government's decision to mix ethanol with petrol has helped farmers increase their income as ethanol is derived from farm produce like sugarcane and maize, he said.
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
A litre of petrol costs Rs 103.11 in the State capital city Bhubaneswar, a drop in price of Rs 63 paise as compared to Wednesday's price, according to unofficial data. Diesel is sold at Rs 94.62 which is 60 paise less than yesterday's price of Rs 95.28.
Further, the Rs 23,250 per tonne additional tax on crude oil produced domestically has been cut to Rs 17,000 per tonne.
In Cuttack, customers are paying Rs 103.54 and Rs 95.25 per litre of petrol and diesel respectively.
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.
India on Saturday provided another 40,000 metric tonnes of diesel to Sri Lanka under the credit line facility.
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.
The incentive is being offered since the prices of both lemons and petrol have escalated in recent weeks.
Prices have been on a freeze since then despite the cost of raw material spiralling. International oil prices were around USD 81-82 a barrel in early November as against USD 114 now.
To achieve 20 per cent blending by 2025, and to meet the requirement of the chemical and other sectors, about 12 billion litres of alcohol/ethanol would be required.
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