Petrol Diesel Price Reduced On 04 November 2021: Petrol and diesel prices were rising steadily this month. But now on Diwali, the central government has given a big relief to the public by reducing central excise duty on fuel. The government’s decision has recorded a cut of Rs 5 per liter on petrol while a cut of Rs 10 on diesel. Know how it has a Nature’s effect and how to get rid of it.
Petrol-Diesel Price Reduced On 04 November: Highlights
- On the occasion of Diwali, the Central Government has cut the Excise Duty on fuel
- Petrol was cut by Rs 5 per liter while diesel by Rs 10 per liter
- Several states have reduced taxes after the Central government reduced excise duty on petrol and diesel
- Uttar Pradesh, Goa, Bihar, Sikkim, Karnataka, Uttarakhand, Assam, Tripura and Manipur have reduced taxes others are following
- Petrol had become costlier by Rs 8.15 in the last 26 days
Petrol-Diesel Price: Central Government’s Deepawali Relief That Brought Relief To The Common Man
The rising price of petrol and diesel on the occasion of Deepawali has brought relief to the common man. Several states have reduced taxes after the Central government reduced excise duty on petrol and diesel. This has now reduced the price of petrol and diesel by Rs 5 and Rs 10 per liter respectively. One side government ministers and its supporters have applauded the price slash. On the other hand, the opposition is taunting the government for playing a gimmick as petrol has become costlier by Rs 8.15 in the last 26 days.
Many States Reduced Taxes
Several states have reduced taxes after the Central government reduced excise duty on petrol and diesel. This has now reduced the price of petrol and diesel substantially. States like Goa, Bihar, Sikkim, Karnataka, Uttarakhand, Madhya Pradesh, Assam, Tripura, and Manipur have declared tax slashes. The UP government has announced a reduction in VAT on petrol and diesel by Rs 12 per liter. The Sikkim government announced a reduction in VAT on petrol and diesel by Rs 7 with immediate effect. The Bihar government has made the lowest cut.
The Government of Assam has also decided to decrease the VAT on diesel and petrol to Rs 7. Arunachal Pradesh Chief Minister Pema Khandu has announced reduction in VAT on petrol by Rs 10.20 and VAT on diesel by Rs 15.22 per liter. Mizoram Chief Minister Zoramthanga tweeted that VAT on petrol and diesel will be reduced by 7 rupees with immediate effect. The Karnataka government has also announced a reduction of 7 rupees in VAT on petrol and diesel. Himachal Pradesh Chief Minister Jairam Thakur announced that the state government will soon issue a notification to reduce VAT on petrol and diesel.
Find Out The Price Of Petrol And Diesel On 4th November As Compared To 3rd November
|State/City||Petrol Nov 4th/3rd||Diesel Nov 4th/3rd|
Petrol-Diesel Price Reduced On 04 November: Congress Reacted Positively
Central minister Hardev Puri and Piyush Goyal gave credit to Prime Minister Narendra Modi for the decision and said the move will benefit the common people, further boost consumption and boost our economy. Though the Congress has welcomed the government’s decision, it has also taunted the government’s move under threat of loss of election.
Find Out The Price Of Petrol And Diesel at Your Nearest Petrol Pump Sitting At Home
The citizens can know the price of petrol and diesel at the nearest petrol pump only through SMS sitting at your home. Indian Oil customers may send messages to 9224992249 by entering the city code with RSP from their mobile phones. They will find the city code on the official website of Indian Oil Corporation Limited (IOCL). After sending the message, they will be informed about the latest price of petrol and diesel.
Why Do Fuel Oil Prices Vary Across Indian States And Cities?
The Petrol, Diesel, CNG, Auto gas, ATF fuel prices differ between state to state and city to city. This is due to differences in the local tax structure and transport cost. Each state government imposes a unique tax structure in the state while the Central government excise duty and CESS impose the same all over the country. Several states have raised their voice to bring the fuel oil price under GST Tax structure but it has not been implemented yet. The Government slowly removed the subsidy and is changing the price quite often. The Oil Companies change the petrol diesel price based on the global market rate and currency fluctuation.
How Are Petrol And Diesel Prices Fixed In India?
The fuel oil prices are fixed based on several factors given as under:
- Global Crude Oil Price Daily Variation
- Currency fluctuation USD to INR
- Cost of the Crude Oil Refining
- Central Government Taxes
- State Government Taxes
- Transportation expenditure till delivery point
- Dealer commission & charges at fuel station
Is Ups And Downs A Natural Act?
Know what Nature is; Why does Nature always create ups and downs in all aspects of creatures’ life? Read the sacred book “Gyan Ganga” written by Enlightened Saint Rampal Ji Maharaj to unfold all untold secrets. In fact it is a conspiracy of Nature along with its husband Kaal Brahm to trouble all living beings in the universe.
How To Come Out Of The Trap Of Kaal Brahm And Nature?
One can come out of this architectural trap by adapting Sat-Bhakti. One should also take Naam Diksha (Initiation) from Jagatguru Sant Rampal Ji Maharaj. By practicing Sat-Bhakti and following all rules laid down by SatGuru Rampal Ji, demolish all accumulated sin deeds and get free from Kaal’s pressure and live happily in this world and attain Salvation after leaving this body.