Pune: Price of petrol per litre increased by Rs 8.36 since May 30

Pune, June 18, 2020: After the state government started levying value-added tax (VAT) of Rs 2 per litre on petrol and diesel from June 1, the price of fuel, which has gone up by Rs 2 per litre, has continued to rise. Since June 1, the price of petrol has gone up by Rs 7 including value-added tax. Diesel prices have also increased in the same proportion. The All India Petrol Dealers Association (AIPDA), however, said the rates were likely to remain stable.

Petrol and diesel prices did not go up in the two-and-a-half months before June. Fuel consumption was also significantly reduced during this period of strict lockdown due to Coronavirus epidemic. On May 30, petrol was sold for Rs 76.02 petrol while diesel was sold for Rs 64.98 per litre. After the VAT rate became applicable, on June 1, the price of petrol in the city was Rs 78.09 per litre, while the price of diesel was Rs 66.99 per litre. Today (June 18), the price of petrol is Rs 84.38 per litre while diesel is being sold for Rs 73.54 per litre. The CNG is being sold for Rs 53.80.

Given the state of the corona and the stagnant economy, the government has been offering some concessions since May. After that fuel consumption started increasing. During this period, on the backdrop of the corona, the state government decided to impose a value-added tax of Rs 2 per litre on fuel. It was implemented from June 1.

Since the beginning of June, fuel prices have been rising on a daily basis due to the impact on international crude oil prices. After the first week of June, fuel prices skyrocketed. On June 11, petrol prices in the city crossed the Rs 80 mark. On this day, the price of petrol in the city was Rs 80.73 per litre. On June 12, the price of diesel crossed the Rs 70 mark. Diesel prices touched Rs 70.17 per litre on the day. Even after that, the daily rate hike continued.

All India Petrol Dealers Association Spokesperson Ali Daruwala said, “Since June, the state government’s value-added tax has pushed up fuel prices by two rupees. After that, petrol and diesel prices rose in line with international crude oil prices. Now, however, fuel prices will not rise sharply, but will stabilize.”