Petrol & Diesel Prices raised as Oil Firms recalibrated Rates to Reflect Changes in Local Levies

Petrol and diesel prices were on raised in seven states like West Bengal and Maharasthra while the price of domestic LPG were raised in six states. Earlier, on 23 July 2012, petrol prices were raised by 70 paise. The state-owned oil firms recalibrated rates to reflect changes in local levies which resulted in the second raise. The state-run fuel retailers recalibrated surcharge calculations to align with changes made in local levies like entry tax on crude oil, surcharge on sales tax and CST/purchase tax on inter-company sale, by state governments which resulted in further increase in prices in the seven states.

However, the exercise by the state-owned oil firms resulted in petrol and diesel prices being reduced in 11 states like Karnataka, Goa, Gujarat and Odisha beginning 25 July 2012.
There is to be no change in price of petrol in Delhi, Kolkata however is to see an increase of Rs. 2.52 a litre to Rs. 76.13 per liter. Petrol in Mumbai is to cost Rs. 75.14 from 25 July 2012 as against Rs. 74.23 per litre. Rates were however cut in Chennai by Rs. 0.97 per litre to Rs. 72.19.

Diesel price in Delhi would remain unchanged at Rs. 41.29 per litre.  it will however be raised by Rs. 0.92 per litre to Rs 44.66 in Kolkata and by Rs. 0.89 to Rs. 45.28 a litre in Mumbai. Diesel rates in Chennai rates were reduced by a marginal 12 paisa to Rs. 43.83 a litre.

Domestic LPG price was raised by Rs. 19.43 per 14.2-kg cylinder in Assam, by Rs. 9.16 in Bihar and Rs. 8.72 per bottle in Maharashtra. LPG will cost Rs. 9 more at Rs. 423 in Mumbai. There is to be no change in rates in Delhi where it is sold at Rs 399.26 per cylinder. In Kolkata prices fell to Rs 4 to Rs 401 and in Chennai by Rs 7 to Rs 386.50 beginning 25 July 2012. Domestic cooking gas rates were however reduced by Rs 10.18 per cylinder in Gujarat, by Rs 7.01 in Tamil Nadu and Rs 4.15 in Odisha.