Petrol worth slashed by Rs5, diesel by Rs8

Likewise, the value of kerosene could go down by over Rs8 per liter from Rs93.08 to Rs85.05 per liter and Gentle Diesel Oil (LDO) by Rs5.37 per liter to Rs68.97 from Rs174.34 per liter, official and industrial sources informed The Information.

The brand new POL costs have been labored out based mostly on the present authorities taxes. The inner freight equalization margin on petrol will stay at Rs6.75 per liter and HSD Rs3.71 per liter. The sources acknowledged that the premium for petrol is $9.60 per barrel, and for HSD it’s $6.50 per barrel.

Knowledge exhibits that the ex-refiner worth of petrol could plunge to Rs205.80 from Rs210.68, HSD to Rs202.70 from Rs210.07 per liter, Kerosene to Rs175.46 from Rs183.49 and LDO to Rs162.85 from Rs168.02 per liter.

The federal government can be charging Rs60 per liter on petrol and diesel because the petroleum levy (PL) whereas sellers are getting sellers’ margin of 8.64 per liter on each merchandise every. Nonetheless, district margins (together with additional margins) are additionally charged Rs7.87 per liter every on petrol and diesel.

Within the final fortnightly assessment of costs on April 15, 2024, the federal government elevated the value of petrol by Rs4.53 per liter, pushing the petrol worth to Rs293.94 per liter. The worth of high-speed diesel (HSD) was additionally elevated by Rs8.14 per liter, reaching Rs290.38 per liter.