Govt approval of new gas pricing mechanism has led to lower CNG prices. Total cost of CNG vehicle ownership now likely to be 10-15% lower than for similar petrol-powered vehicle.
In recent years, fuel prices have been kept static for weeks before assembly polls, only to be changed soon after. However, there's no clarity over who's deciding the prices.
Petrol now costs Rs 101.81 a litre, while diesel is selling at Rs 93.07 in Delhi. Prices are set to be raised due to a sharp jump in crude oil prices in the international markets.
CM Hemant Soren said high petrol price is not letting the poor use their vehicles to go to the market. The subsidy will be given to families with ration cards from 26 January.
Since the ending of the three-week-long hiatus in rate revision last month, this is the 14th increase in petrol price and the 17th time that diesel rates have gone up.
The survey comes ahead of the GST Council meeting Friday, which is likely to discuss bringing petrol, diesel and other petroleum products under the GST ambit.
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