Fuel prices remain unchanged

06-12-2021

New Delhi, Dec 6 (UNI) The fuel prices remained unchanged on Monday.

In Delhi petrol had 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, prices of diesel remained the same in the national capital.

However, in other metros, the prices of petrol and diesel have remained unchanged for the 32nd day in a row as on Monday.

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 currently 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 currently 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 too reduced had 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.