Petrol, Diesel Price: Petrol, Diesel Prices Decline After Excise Duty Cut; see fuel rates

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Petrol, diesel price today, Petrol and Diesel Prices November 20 remained unchanged for the 18th straight day on Saturday. Petrol and diesel rates have remained the same since the central government cut excise duty on petrol and diesel. Auto fuel prices were reduced by Rs 5 and Rs 10. On top of this, several BJP and NDA ruled states also announced exemptions on Value Added Tax or VAT. Petrol, diesel prices had seen their lifetime highs before the announcement of excise duty cuts by the Center and states. So far, 24 states have announced reduction in VAT on fuel prices, while 11 states – all ruled by the opposition – have not taken any such decision.

According to a report by news agency PTI, the tax on petrol has come down by 50 per cent, while that on diesel has come down by 40 per cent after the tax cut. According to price charts of various locations, the BJP and its allies-ruled states have seen a steep reduction in petrol and diesel prices as compared to Maharashtra, Delhi, West Bengal and other states ruled by other political parties due to reduction in fuel rates. Manufactured by state-owned oil companies.

On Saturday, the price of petrol in Delhi stood at Rs 103.97 per liter. Diesel price in the national capital fell below Rs 100 and was retailing at Rs 94.14 for a litre.

According to the notification of state-run oil marketing companies, the price of petrol in Kolkata stood at Rs 104.67 per liter for the sixth consecutive day. In the capital of West Bengal, the price of diesel remained at Rs 89.79 per litre.

Petrol in Mumbai was being sold that day at Rs 109.98 per liter. Diesel price in the financial capital was retailing at Rs 94.14 for a liter after the price cut, and was also unchanged.

In Chennai, petrol was priced at Rs 101.40 for a liter while diesel was priced at Rs 91.43. Petrol in Bhopal was priced at Rs 107.23, while in Madhya Pradesh city diesel was priced at Rs 90.87 per litre.

Like everyday, the rates of petrol and diesel were notified by oil marketing companies like Hindustan Petroleum, Indian Oil and Bharat Petroleum on Friday. The new rates were notified as usual at 6 am. Fuel prices vary across states and cities, be it Value Added Tax or VAT, local and freight charges, which vary from place to place. The price of petrol and diesel also depends on the international crude oil prices and rupee-dollar exchange rates in the global markets.

Of the four metro cities, petrol in Mumbai is still the most expensive, while Mohali tops the charts among all cities in India.

Following are the diesel and petrol prices in some Tier 1 and Tier 2 cities of the country:

Mumbai

Petrol – Rs 109.98 per liter

Diesel – Rs 94.14 per liter

Delhi

Petrol – Rs 103.97 per liter

Diesel – Rs 86.67 per liter

Chennai

Petrol – Rs 101.40 per liter

Diesel – Rs 91.43 per liter

Kolkata

Petrol – Rs 104.67 per liter

Diesel – Rs 89.79 per liter

Bhopal

Petrol – Rs 107.23 per liter

Diesel – Rs 90.87 per liter

Hyderabad

Petrol – Rs 108.20 per liter

Diesel – Rs 94.62 per liter

Bangalore

Petrol – Rs 100.58 per liter

Diesel – Rs 85.01 per liter

Chandigarh

Petrol – Rs 100.12 per liter

Diesel – Rs 86.46 per liter

Guwahati

Petrol – Rs 94.58 per liter

Diesel – Rs 81.29 per liter

Lucknow

Petrol – Rs 95.28 per liter

Diesel – Rs 86.80 per liter

Gandhinagar

Petrol – Rs 95.35 per liter

Diesel – Rs 89.33 per liter

Thiruvananthapuram

Petrol – Rs 106.36 per liter

Diesel – Rs 93.47 per liter

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