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HomeBusinessFuel Price Rise On Pause after Duty Cuts

Fuel Price Rise On Pause after Duty Cuts

The petrol and diesel prices remained unchanged on Sunday across various cities in the country including the national capital Delhi, Mumbai, Kolkata, etc.

Currently, the cost of one litre of petrol in Delhi stands at ₹103.97 per litre and of diesel at ₹86.67 per litre. In the country’s financial capital, the petrol and diesel prices have surged to ₹109.98/litre and ₹94.14 per litre, respectively. As for Kolkata and Chennai, petrol and diesel cost ₹104.67 and ₹89.79 and ₹101.40 and ₹91.43 respectively in Chennai. In Bengaluru, petrol is available at ₹100.58 per litre and diesel at ₹85.01 and in Hyderabad, one litre of petrol is now available at ₹108.20 and diesel costs ₹94.62 for one litre of diesel.

Prices differ from state to state, depending on the incidence of local taxes and the cost of transportation.

As per the Ministry of Petroleum and Natural Gas, following the reduction, 23 states/UTs also undertook a commensurate reduction of VAT on Petrol and Diesel to give relief to consumers.

However, there are 13 States/UTs which have not undertaken any reduction in VAT in Petrol and Diesel.

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