Petrol and diesel prices in India may rise by Rs7.60 and Rs3.50 per litre from July 16 due to global oil prices and increased PDL.
Petrol and diesel prices in India may rise by Rs7.60 and Rs3.50 per litre, respectively, starting July 16 due to higher global oil prices and increased petroleum development levy (PDL). The government levies about Rs77 per litre in tax on both fuels and imposes a Rs60 PDL, contributing to the price hike. Petrol and diesel price increases are major drivers of inflation, affecting transport and food costs.
July 13, 2024
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