Insight Online News
New Delhi, Dec 16 : Fuel prices continued to be steady as petrol and diesel prices remained unchanged on Thursday.
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.
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, prices of diesel remained the same.
In other metros, the prices of petrol and diesel have remained unchanged for the 42nd day in a row now.
In the national capital 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, at Rs 89.79 in Kolkata, at Rs 94.14 in Mumbai and at Rs 91.43 in Chennai.
After the Centre cut the excise duties, most state governments and union territories too had 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 people. The rise in the fuel prices in the domestic market was mainly attributed to global upsurge in crude oil prices.