Insight Online News
New Delhi, Dec 18 : The fuel prices continued to remain steady as prices of both petrol and diesel remained unchanged here on Saturday.
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 the national capital 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 now remained unchanged for the 44th day in a row.
In the national capital a litre of petrol currently costs Rs 95.41, in Kolkata Rs 104.67, in Mumbai Rs 109.98 and in Chennai Rs 101.40.
While a litre of diesel in New Delhi is available at Rs 86.67, in Kolkata Rs 89.79, in Mumbai Rs 94.14 and in Chennai Rs 91.43.
After the Centre cut the excise duties, most state governments and union territories also reduced Value Added Tax (VAT) on petrol and diesel, providing relief to the common people.
The rise in the fuel prices in the domestic market was mainly attributed to global upsurge in crude oil prices.