Business

Petrol-Diesel Price Increased After Cess Shoot up in Budget

Petrol and diesel got hiked after the first strike of the Modi government's budget on the common man

Monali Gupta

On Friday, Finance Minister Nirmala Sitharaman had announced to increase excise duty and road infrastructure cess at the rate of Rs 2 per liter on petrol and diesel during the budget speech. The government had claimed that this increase would generate 28,000 crore revenue from the government treasury.

After the cess of petrol and diesel in the budget, people have got the first sting of inflation. Petrol has been costlier by Rs 2.50 per liter and diesel 2.30 paise per liter in the country today. On Friday, Finance Minister Nirmala Sitharaman had announced to increase excise duty and road infrastructure cess at the rate of Rs 2 per liter on petrol and diesel during the budget speech. The government had claimed that this increase would generate 28,000 crore revenue from the government treasury.

Here we'll tell you the prices of petrol diesel in four major cities of the country.

Delhi

First thing is Delhi Delhi. On July 5, the price of petrol in Delhi was 70 rupees 91 paise. Today the price of petrol has increased to 72 rupees 96 paise per liter.

On July 5, diesel prices in Delhi were 64 rupees 33 paise per liter. Now after the hike, diesel prices have gone up by 66 rupees to 69 paise.

Mumbai

Prices of petrol in Mumbai, the country's financial capital, have increased to 78 rupees, 57 paise per liter. On July 5, the price of petrol was 76 rupees and 15 paise.

Diesel prices have also increased. Now, diesel is selling 69 rupees in 90 paise per liter in Mumbai. On Friday, the price of diesel was 67 rupees 40 paise per liter.

Kolkata

After the announcement of cess in the budget, the price of petrol in Kolkata has gone up to 75 rupees and 15 paise per liter. Prior to the increase, one liter petrol was priced at Rs 72 per 75 paise a liter.

Talking about the price of diesel, now the price of one liter diesel has gone up to 68 rupees 59 paise, before the price of diesel was 66 rupees 23 paise.

Chennai

People in Chennai also have a sting of inflation in Tamil Nadu capital. The price of one liter petrol has increased to 75 rupees and 76 paise here. On July 5, the price was 73 rupees and 19 paise. Diesel prices have also increased. In Chennai, one liters of diesel is now getting 70 rupees in 48 paise, whereas before the increase, its price was 67 rupees. 96 paise.

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