Odisha: Diesel gets more expensive than petrol

For the first time in India, the price of diesel has surpassed the price of petrol in the state of Odisha. On Sunday, diesel was retailing at Rs. 80.78 per litre, while petrol was priced at Rs. 80.65 per litre in Bhubaneshwar. 

Usually, diesel has a lower base price and lower taxes and dealer commissions compared to petrol. However, the base price has gone up by around Rs. 5 in recent times. Unlike other states, where VAT on diesel is lower than on petrol, the state of Odisha charges 26% VAT on both petrol and diesel. Therefore, diesel is now more expensive than petrol.

According to a media report, dealers are purchasing fuel from oil companies at Rs. 43.49 per litre for petrol and Rs. 48.02 per litre for diesel. The central government charges an excise duty of Rs. 17.80 per litre on petrol and Rs. 13.83 per litre on diesel, while dealer commission is around Rs. 3.50 and Rs. 2.50 per litre for petrol and diesel respectively.

Source: TOI