Check latest fuel rates as on 24th June in various cities of Odisha
Petrol and diesel have become an essential part of our daily life and any revision in the prices of petroleum products directly or indirectly affects all the major sectors.
Though fuel prices continued to rise, there was no major change in fuel prices at various places in Odisha on Saturday.
As per the latest reports, customers are reportedly paying Rs 103.01 per liter of petrol in the state capital, while diesel is being sold at Rs 94.58 per litre.
In Cuttack, customers are paying Rs 103.54 and Rs 95.10 per liter of petrol and diesel respectively.
According to the fuel rate chart, petrol is being sold in Malkangiri at 109.20. Petrol price in Ganjam is Rs.104.66 and in Sambalpur, petroleum product cost is Rs.103.78. Similarly, petrol is being sold in Bhadrak at Rs 103.75 and in Koraput at Rs 107.72.
It may be noted that India meets 80 per cent of its oil requirements through imports. Retail rates are adjusted according to global fluctuations in crude oil prices.
Backing the central government’s pitch for states to reduce sales tax (VAT) on petrol and diesel, Reserve Bank of India (RBI) Governor Shaktikanta Das on June 8 said the reduction in VAT on fuel will put pressure on inflation. It will also help in reducing the expectations. ,
The central government had on May 21 cut excise duty on petrol by a record Rs 8 per liter and diesel by Rs 6 to provide relief to consumers suffering from high fuel prices, which have pushed inflation to an all-time high. At the time, it asked states to reduce VAT so that more relief could be provided. Almost no state has reduced VAT.
, Check latest fuel rates as on 24th June in various cities of Odisha