Fuel prices highest in AP, Kerala, TG
Delhi, NE States, UTs have cheaper prices; A Rs2 per liter cut will reduce OMCs’ revenue / EBITDA by Rs30,000 cr annualized
New Delhi: Petrol and diesel prices are the costliest in the country in Andhra Pradesh, Kerala and Telangana, while it is cheapest in smaller States and UTs like Andaman & Nicobar Islands, Delhi and those in the North East, mainly due to differential in local Sales Tax or VAT rates, oil industry data showed.
The three state-owned fuel retailers - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) - last week cut petrol and diesel prices by Rs2 a litre each, ending a nearly two-year hiatus in price revision. That reduction brought relief to fuel users but rates continue to be above Rs100 a litre mark in some states due to higher Value Added Tax (VAT).
YS Jagan Mohan Reddy’s YSRCP-ruled Andhra Pradesh has the costliest petrol at Rs109.87 a litre, followed by Left Democratic Front (LDF)-ruled Kerala, where a litre of petrol comes for Rs107.54. Congress-run Telangana is close behind with petrol costing Rs107.39 a litre.
