New Delhi: In a move that will affect the profit margins of the oil firms, the government introduced a special additional excise duty (SAED) or windfall tax on July 1. As per the notification issued by the ministry of finance, the windfall tax increased on domestically produced crude oil by more than a third in line with the rise in international oil prices. The tax on crude oil produced by firms such as the state-owned Oil and Natural Gas Corporation (ONGC) was increased to Rs 11,000 per tonne beginning October 16 from Rs 8,000.
In the fortnightly revision of windfall tax, the government doubled the rate on the export of diesel to Rs 12 per litre from Rs 5 a litre. The levy on diesel includes Rs 1.50 per litre road infrastructure cess (RIC), the notification showed. (Also Read: DHANTERAS 2022: Check out the QUALITY of GOLD in just a click, here's HOW)
However, this move of the ministry is unlikely to have an impact on petrol and diesel prices decided by oil marketing companies every midnight. While there were minor changes in petrol, and diesel prices in some cities, major cities including Delhi and Mumbai saw no change in fuel prices. (Also Read: Want to make UPI payment but there's no internet? Follow THESE steps)
Petrol costs Rs 96.72 per litre while Diesel costs Rs 89.62 per litre in Delhi. In Mumbai, petrol costs Rs 106.31 per litre and diesel Rs 94.27 per litre.
Here is the price of petrol, and diesel today, i.e. October 17, 2022, in your city:
Noida: Petrol- Rs 96.92 per litre, Diesel- Rs 90.08 per litre
Bengaluru: Petrol- Rs 101.94 per litre, Diesel- Rs 87.89 per litre
Delhi: Petrol- Rs 96.72 per litre, Diesel- Rs 89.62 per litre
Mumbai: Petrol- Rs 106.31 per litre, Diesel- Rs 94.27 per litre
Gurugram: Petrol- Rs 97.18 per litre, Diesel- Rs 90.05 per litre
Patna: Petrol - Rs 107.46 per litre, Diesel - Rs 94.24 per litre
Chandigarh: Petrol- Rs 96.20 per litre, Diesel- Rs 84.26 per litre
Chennai: Petrol- Rs 102.63 per litre, Diesel- Rs 94.24 per litre
Kolkata: Petrol- Rs 106.03 per litre, Diesel- Rs 92.76 per litre
Lucknow: Petrol- Rs 96.57 per litre, Diesel- Rs 89.76 per litre
How to check the Petrol and Diesel prices of your city through SMS?
If your city is not on the list, you can still check petrol, and diesel prices by sitting at home. All you have to do is to send a message from your mobile to 9224992249 with your city code. City codes are available on Indian Oil's website.
