Clearly after the VAT lower has been introduced on petrol and diesel by the Maharashtra authorities and gasoline value throughout the nation have remained static for round 3 months now, it’s possible that gasoline charges may even see a value hike.
That is being iterated as Oil advertising and marketing firms amid rupee depreciation are already claiming losses to the tune of Rs. 16-18 per litre for petrol, whereas for diesel it’s between Rs. 23-25 per litre.
So, as per studies, OMCs have approached the centre and demanded the centre’s permission to permit them to hike gasoline charges. However, reportedly, the federal government as of now will not be giving in to their demand.
However in future course, it’s extremely possible that OMCs shall now not be capable to take up the upper crude value and with the rupee depreciating additional their losses shall widen. So, in all probability, the centre might want to intervene with some measure that retains their losses in test. And in the end we might anticipate, gasoline costs to pattern larger.
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Story first printed: Monday, July 18, 2022, 11:00 [IST]
