The Yogi Adityanath government on Wednesday, May 5, approved a hike in the prices of petrol and diesel, a state minister confirmed.
Briefing reporters after the state cabinet meeting here, Uttar Pradesh Finance minister Suresh Khanna said, "The UP government has increased the price of petrol by Rs 2 per litre, and that of diesel by Rs 1 per litre."
He added, "Petrol will now cost Rs 73.91 per litre in UP, while diesel will be available at Rs 63.86 per litre. The hiked prices will come into effect from midnight today."
The move follows the Centre's decision on Tuesday to increase excise duty on petrol by a record Rs 10 per litre and Rs 13 per litre for diesel. The hike, however, did not push up fuel prices as global oil prices have dropped to a nearly two-decade low.
The cash-strapped government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record increase in excise duty on petrol and diesel.he Uttar Pradesh government on Wednesday approved a hike in the prices of petrol and diesel, a state minister said.
Briefing reporters after the state cabinet meeting here, Uttar Pradesh Finance minister Suresh Khanna said, "The UP government has increased the price of petrol by Rs 2 per litre, and that of diesel by Rs 1 per litre."
How much will petrol cost now
He added, "Petrol will now cost Rs 73.91 per litre in UP, while diesel will be available at Rs 63.86 per litre. The hiked prices will come into effect from midnight today."
The move follows the Centre's decision on Tuesday to increase excise duty on petrol by a record Rs 10 per litre and Rs 13 per litre for diesel. The hike, however, did not push up fuel prices as global oil prices have dropped to a nearly two-decade low.
The cash-strapped government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record increase in excise duty on petrol and diesel.
Petrol, diesel prices hiked in Delhi
Petrol and diesel prices in the national capital saw a big hike on Tuesday, May 5, after the Kejriwal government raised local sales tax or value-added tax (VAT) on the two fuels.
Petrol price in Delhi was hiked by Rs 1.67 a litre and diesel by a steep Rs 7.10 per litre.
A litre of petrol is sold at Rs 71.26 a litre in Delhi as against Rs 69.59 previously, oil industry sources confirmed.
(With agency inputs)
