Fuel prices remain unchanged

The petrol had become cheaper by about Rs 8 in the national capital Delhi on Thursday after the city government's decision to reduce Value Added Tax (VAT) on it.

However, prices of diesel remained the same in the national capital.

In other metros, the prices of petrol and diesel remained unchanged for the 30th day in a row.

The fuel prices had come down sharply on November 4, 2021, after the Centre announced reduction in excise duties on petrol and diesel by Rs 5 and Rs 10 respectively.

In the national capital a litre of petrol costs Rs 95.41, Rs 104.67 in Kolkata, Rs 109.98 in Mumbai and Rs 101.40 in Chennai.

Similarly, a litre of diesel is available at Rs 86.67 in New Delhi, Rs 89.79 in Kolkata, Rs 94.14 in Mumbai and Rs 91.43 in Chennai.

After the Centre cut the excise duties, most state governments and union territories followed suit and reduced the Value Added Tax (VAT) on petrol and diesel, providing much relief to the common people.

Prices of diesel and petrol were rising across the country, breaching all previous records but the Centre's announcement to cut the excise duties gave relief to the people. The rise in the fuel prices in the domestic market was mainly attributed to global upsurge in crude oil prices.