Rs 5 reduction in petrol price

 

After the government increased the price of petrol by Rs 22.52 paise in three months, the people were given a relief of Rs 5. It could have been reduced to Rs.

According to private TV, the government has increased sales tax, dealer margins and profits of oil marketing companies, due to which the people could not get the full benefit of reduction in prices of petroleum products. Increased from 1.63% to 4.77% while GST on diesel increased from 7.4% to 9%.

The profit of dealers and oil marketing companies on petrol has been increased by Rs 70 paise per liter while the profit of dealers and oil marketing companies on diesel has been increased by Rs 54 paise per liter.