The government has further increased the margin of oil companies and dealers on petrol and diesel, as a result of which complete relief on petroleum products could not reach the people.
In the caretaker government's first step of providing relief to the inflation-hit people, the prices of petroleum products had been reduced by up to Rs11 per litre, in a first major decline in two months on the back of a strengthened rupee.
The new prices had been implemented from Sunday. The price of petrol has been reduced by Rs8 – from Rs331.38 per litre to Rs323.38. Similarly, the rate of high-speed diesel (HSD) has been decreased by Rs11 – from Rs329.18 per litre to Rs318.18.
The margin on petrol and diesel was further increased by 88 paisas per litre.
According to sources, the oil companies' margin has been increased by 47 paisas per litre and dealers' increased by 41 paisas per litre.
The Oil Marketing Companies’ (OMC) margin on petrol increased to Rs6.94 per litre from the earlier Rs6.47 while that on diesel increased to Rs7.17 per litre from Rs6.70.
The dealers' margin on both petrol and diesel increased to Rs7.82 per litre from Rs7.41.
The government also increased the freight margin on petrol and diesel. The freight margin on diesel was increased by Rs1.78 per litre and on petrol by 16 paisas per litre.
The government is charging Rs65-70 per litre taxes and Rs50 per litre levy on diesel. Taxes on petrol are Rs80.29 per litre and petroleum levy is Rs60 per litre.
On Sept 16, the OMC and dealers' margin on petrol and diesel had been increased by 88 paisas per litre.
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