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Petroleum cost increased by Rs: 3 per Liter. The new costs will be executed till January 1, 2021. As per a declaration by the Ministry of Finance, the costs of all oil-based goods have been expanded from 3 percent to 8 percent.
As per the notification, high-speed Diesel (HSD) costs have likewise been expanded by Rs: 3. In the interim, the paces of Kerosene Oil and Light Diesel Oil (LDO) have been raised by Rs: 5, individually.
In doing as such, the public authority has taken a critical income hit, as it has decreased its Petroleum Levy (PL). The service said that PL on petroleum has been diminished by Rs4.50 per liter and about Rs2.51 per liter on HSD. Then, it has diminished the Levy on lamp oil by 55 paisa for each liter and expanded by around 65 paisa for every liter on LDO.
Now the new price of petrol is Rs103.69, against its old rate of Rs100.69. and the new price of HSD is Rs108.43, against Rs105.43. Meanwhile, the new rates of kerosene oil and LDO isRs70.29 and Rs67.86, respectively.
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Government Reduces the Price of Petrol and Diesel!!!