Fuel prices remain unchanged

New Delhi, Dec 5 (Agency) The fuel prices remained unchanged on Sunday. Petrol had became cheaper by about Rs 8 in Delhi on Thursday after the state government decided to reduce Value Added Tax (VAT) on it. However, prices of diesel remained same in the national capital. In other metros, the prices of petrol and diesel have remained unchanged for 31 days in a row now. 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 Delhi, a litre of petrol now costs Rs 95.41, in Kolkata Rs 104.67, in Mumbai Rs 109.98 and in Chennai Rs 101.40. 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 also 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.