Petrol Price Cut by Re1/Litre to Rs254.63 in Latest Update

Petrol Price Cut by Re1/Litre to Rs254.63 in Latest Update

Petrol Price Cut by Re1/Litre to Rs254.63 in Latest Update

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As per a notification issued here, the price of petrol has been decreased by Re1 per litre. The new price of petrol has been set at Rs254.63 per litre, effective from March 29, 2025.

However, the price of high-speed diesel remained unchanged at Rs258.64 per litre.

These changes come as part of regular adjustments in fuel prices, which are influenced by international market trends and local economic conditions.

Consumers pay Rs 107.12 per litre taxes, duties on petrol

Earlier, a report said that according to the previous rates, around Rs 107.12 is being charged on one litre of petrol in taxes, duties and margins, according to concerned documents.

According to papers, Rs 104.59 is being charged over one litre of high-speed diesel for taxes, duties, and margins.

There is a Rs. 70 per litre levy over petroleum and high-speed diesel. It is the highest level of petroleum levy imposed over citizens in the national history.

Moreover, there is Rs 15.28 customs duty on a litre of petrol and Rs 15.78 customs duty on high-speed diesel.

Rs 8.64 is recovered as the dealer’s commission on a litre of petrol and high-speed diesel. Moreover, the oil marketing companies’ margin has been Rs 7.87 per litre on petrol and high-speed diesel.

According to papers, Rs 5.33 is being recovered for Inland Freet Equalization Margin on per-litre petrol, while Rs 2.30 per litre IFEM is being received at high-speed diesel.

The ex-refinery per-litre price of petrol without duties has been Rs 148.51, while citizens are provided with petrol at Rs 255.63 per litre.

High-speed diesel’s ex-refinery per litre price has been Rs 154.06, while the citizens are being provided diesel at Rs. 258.64 per litre.

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