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.