In the Union Budget 2019, the FM announced levy of special additional excise duty of Rs 1/ litre and road cess of Rs 1 per litre on petrol and diesel. And a day after the announcement, petrol and diesel prices have surged by at least Rs 2.4 and Rs 2.36 per litre respectively across metro cities on Saturday.
In the national capital, while petrol is available for Rs. 72.96 per litre, up from Rs 70.51 on Friday, diesel has also scaled higher in price from Rs 64.33 yesterday to Rs. 66.69.
Petrol and diesel prices in other 3 metros of India are as following:
Mumbai: Petrol Rs 78.57, up from Rs 76.15 on Friday; Diesel Rs 69.9, up from Rs 67.4 on Friday.
Chennai: Petrol Rs 75.46, up from Rs 73.19 yesterday; Diesel Rs 70.48 (Rs 67.96 yesterday).
Kolkata: Petrol Rs 75.15 (Rs 72.75 yesterday); Diesel Rs 68.59 (Rs 66.23).
The government has increased the excise duty and cess on auto fuel to raise more than Rs. 28,000 crore. Also, an additional VAT or sales tax is levied on fuel after charging excise duty on the base price.