Opening a Petrol Pump: In a major step towards strengthening cooperatives in the country, the government on Wednesday said Primary Agricultural Credit Societies (PACS) will be given an option to convert their wholesale consumer petrol pumps into retail outlets. The government said that PACS having wholesale petrol and diesel dealership license will be given this option only once. The government further said that PACS will be given priority in allotment of new petrol/diesel dealerships to strengthen the cooperative movement in the country. These societies will also be able to get LPG dealership. The decision was taken in a meeting with Cooperation Minister Amit Shah and Petroleum and Natural Gas Minister Hardeep Singh Puri, according to an official statement. Besides, it was decided in the meeting that sugar cooperative mills would be given priority to sell ethanol under the ethanol blending programme.

Right now the government is charging this much tax

The petroleum ministry will also change the rules to make PACS eligible for LPG distribution, the statement said. PACS will be placed under Combined Category 2 (CC2) along with Freedom Fighters and Sports Quota for allotment of new Petrol/Diesel dealerships. Central excise duty is 20% of the price of petrol and 17.6% of the price of diesel. Explain that as a result of the bullish trend in crude oil prices, revision in petrol prices and diesel prices has been observed in many major cities of India on 13 April 2023. Petrol price in Bangalore increased by Rs 0.04 to Rs 101.99 per litre, in Gurgaon petrol price increased by 49 paise to Rs 97.38, in Patna petrol became costlier by 50 paise to Rs 107.74 per liter and in Ranchi petrol increased by Rs 0.19 to Rs 100.03 per liter Is.

Diesel rate also changed

Similarly, diesel prices have increased across the country. Diesel has become costlier by 48 paise in Gurgaon and Patna to Rs 90.24 per liter and Rs 94.51 per liter respectively. It has become costlier by 5 paise to Rs 87.94 per liter in Bengaluru, an increase of Rs 0.06 to Rs 92.43 per liter in Pune. Petrol and diesel prices vary by state depending on various parameters like Value Added Tax (VAT), freight charges, local taxes etc. The last nationwide change in fuel rates took place on May 21 last year, when Finance Minister Nirmala Sitharaman cut excise duty on petrol by Rs 8 per liter and on diesel by Rs 6 per litre.

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