Fuel prices have stayed unchanged for more than a month.
Petrol and diesel in Delhi cost Rs 96.72 and Rs 89.62 a litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 per litre and diesel for Rs 94.27. Petrol and diesel are priced at Rs 102.63 and Rs 94.24 in Chennai and at Rs 106.03 and Rs 92.76 in Kolkata.
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In other news, India’s top oil and gas producer ONGC wants the government to scrap windfall profit tax levied on domestically produced crude oil and instead use the dividend route to tap into bumper earnings resulting from surge in global energy prices.
The firm also favours a floor price for natural gas at USD 10 per million British thermal unit — the current government-dictated rate — to help bring deposits in challenging areas to production, two sources aware of the matter said.
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State-owned Oil and Natural Gas Corporation (ONGC) management during discussions with government officials stated that levying windfall profit tax on domestic oil producers, while at the same time reaping rich savings from buying discounted oil from Russia was unfair. Read more here.
Petrol and diesel prices held steady across metro cities on September 19, the latest price notification issued by fuel retailers showed.
