Business
Today’s petrol and diesel prices in Mumbai are lower. Check out the most recent rates in other cities.
After Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol of 8 rupees per litre and diesel of 6 rupees per litre on Saturday, the prices of petrol and diesel have remained unchanged today.
After taking into account the impact on other levies, the excise duty cut will result in a reduction of 9.5 cents per litre on petrol in Delhi and 7 cents per litre on diesel. When the excise cuts take effect today, petrol will cost 96.72 per litre in Delhi, compared to 105.41 currently, and diesel will cost 89.62 per litre, compared to 96.67 currently.
The Maharashtra government slashed the value-added tax (VAT) on petrol and diesel on Sunday, a day after the central government announced a reduction in fuel prices. The VAT on petrol has been reduced by 2.08 per litre, while the VAT on diesel has been reduced by 1.44 per litre.
After the reductions in excise duty and VAT, a litre of petrol will cost 111.35 in Mumbai, and a litre of diesel will cost 97.28. Petrol and diesel prices in Chennai are 102.65 and 94.24 per litre, respectively. Petrol costs 106.03 in Kolkata, while diesel costs 92.76. One litre of petrol will cost 101.94 in Bengaluru, while one litre of diesel will cost 87.89. One litre of petrol will cost 97.81 in Gurugram and diesel is 90.05 in Delhi.
Petrol is subject to excise duty imposed by the federal government. Similarly, the state government imposes ad valorem VAT on gasoline. The VAT on gasoline varies by state. The VAT is automatically reduced because the centre has reduced the excise duty on diesel and gasoline.
The Centre has repeatedly urged states, particularly non-BJP-ruled states, to lower VAT on gasoline and diesel, but the states have refused.
The move came after opposition parties and economists criticised the government’s inflation management. WPI (wholesale price inflation) hit a new high of 15.08 percent in April, while retail inflation hit a near-eight-year high of 7.79 percent.
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Allu Arjun
Pushpa 2 The Rule advance booking tracking better than RRR, Jawan in the US; crosses $1.4 million with 10 days to go
Pushpa 2 The Rule has already crossed $1.4 million in advance bookings in North America even though the release is 10 days away.
Allu Arjun‘s Pushpa 2: The Rule is still nine days from its theatrical release but is already breaking box office records. The film is set for a grand release worldwide, and if its US pre-sales are any indication, it will likely get a bumper opening. The film is already tracking better than blockbusters like RRR and Jawan in the US. (Also read: Pushpa 2 trailer reactions: Allu Arjun fans predict blockbuster, cheer for Fahadh Faasil’s entry scene)
Pushpa 2’s US tsunami
On Monday, trade tracker Venky Box Office shared the film’s advance booking collections for its US premiere. Taking to X (formerly Twitter), the trade analyst tweeted, “#Pushpa2TheRule USA Premiere Advance Sales: $1,383,949 – 900 Locations – 3420 Shows – 50008 Tickets Sold.”
By Sunday evening, Pushpa 2 had sold over 50,000 tickets in the US, with the release 10 days away. The tweet added that North American advance booking collections had crossed $1.458 million (around ₹12 crore), ‘which is a record’.
Trade analysts say that the film is set to cross $1.5 million with nine days to go, which means it is outpacing SS Rajamouli’s RRR and Shah Rukh Khan-starrer Jawan, the two biggest Indian movies in the US in recent times. Both films grossed over $15 million each in North America and are among the top five highest-grossing Indian films in the continent. Pushpa 2 is matching the pace of Shah Rukh’s other 2023 blockbuster, Pathaan, and is just behind the all-time record holder for India in the US – Baahubali 2 (which earned $20 million in the territory).
All about Pushpa 2: The Rise
Directed by Sukumar, Pushpa 2: The Rise is the sequel to the director’s 2021 pan-India hit Pushpa: The Rise. It brings back Allu Arjun as the titular anti-hero, alongside Rashmika Mandanna and Fahadh Fassil. The film, touted to be one of the biggest Indian productions ever, is set to hit the screens on December 5.
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