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Fuel prices remain unchanged giving relief to the people

EconomyFuel prices remain unchanged giving relief to the people

Fuel continued to be steady as petrol, diesel prices remained intact on Monday when fuel prices fell down sharply on November 4th.

The Centre earlier had announced a reduction in fuel prices and dropped excise duties on petrol and diesel by Rs 5 and Rs 10 respectively. Petrol became cheaper by about Rs 8 in Delhi on December 2, 2021, after the state government decided to reduce Value Added Tax (VAT) on it. However, the prices of diesel remained the same.

In other metros, the prices of petrol and diesel remained unchanged for the 53rd day in a row.

Petrol in Kolkata costs Rs 104.67 per litre while diesel costs Rs 101.56 a litre.

While petrol can be bought at Rs 107.23 in Bhopal, which is a cut by Rs 6.27, diesel costs Rs 90.87 per litre.

Following are the prices of diesel and petrol in a few metros and Tier-II cities in the country:

1. Mumbai

Petrol – Rs 109.98 per litre
Diesel – Rs 94.14 per litre

2. Delhi

Petrol – Rs 95.41 per litre
Diesel – Rs 86.67 per litre

3. Chennai

Petrol – Rs 101.40 per litre
Diesel – Rs 91.43 per litre

4. Kolkata

Petrol – Rs 104.67 per litre
Diesel – Rs 89.79 per litre

5. Bhopal

Petrol – Rs 107.23 per litre
Diesel – Rs 90.87 per litre

6. Hyderabad

Petrol – Rs 108.20 per litre
Diesel – Rs 94.62 per litre

7. Bangaluru

Petrol – Rs 100.58 per litre
Diesel – Rs 85.01 per litre

8. Guwahati

Petrol – Rs 94.58 per litre
Diesel – Rs 81.29 per litre

9. Lucknow

Petrol – Rs 95.28 per litre
Diesel – Rs 86.80 per litre

10. Gandhinagar

Petrol – Rs 95.35 per litre
Diesel – Rs 89.33 per litre

11. Thiruvananthapuram

Petrol – Rs 106.36 per litre
Diesel – Rs 93.47 per litre

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

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 people using the two motor fuels. The surge in the fuel prices in the domestic market was mainly attributed to the global rise in crude oil prices.

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