Insight Online News
New Delhi, Nov 11 : The prices of petrol and diesel remained unchanged for the seventh day in a row on Thursday.
The fuel prices had come down sharply last week after the Centre announced reduction in excise duties on petrol and diesel by Rs five and Rs ten respectively.
In the national capital a litre of petrol costs Rs 103.97, it costs Rs 104.67/litre in Kolkata, Rs 109.98/litre in Mumbai and Rs 101.40/litre in Chennai.
Similarly, a litre of diesel is available at Rs 86.67 in New Delhi, at Rs 94.14 in Mumbai, Rs 89.79 in Kolkata and Rs 91.43 in Chennai.
Following the Centre, most state governments and union territories too reduced Value Added Tax (VAT) on petrol and diesel, providing much relief to the common man.
Some states, mostly non BJP- ruled, are yet to undertake any reduction in VAT on motor fuels.
Prices of diesel and petrol were rising for the last few days across the country, breaching all previous records but the Centre’s announcement to cut the excise duties gave relief to people. The rise in the fuel prices in the domestic market is mainly attributed to global upsurge in crude oil prices.