Petrol, Diesel Prices Today, November 05: Fuel prices fall after states decides to cut VAT--check prices in your city
Zee News
Petrol was priced at Rs 103.97 in the national capital of Delhi after this price cut.
New Delhi: Petrol and diesel prices fell sharply on Friday, November 5, as additional states announced VAT reductions. Several states joined the federal government in lowering fuel prices, which had just reached record highs. Before the Centre and the states announced excise reduction, the price of gasoline and diesel had reached a lifetime high. The government announced a reduction in excise duty on petrol and diesel by Rs 5 per litre and Rs 10 per litre on the eve of Diwali, that is on Wednesday evening. The extra step taken by states also helped to lower gasoline and diesel prices, which had been steadily rising in recent months.
Petrol was priced at Rs 103.97 in the national capital of Delhi after this price cut. However, after the excise drop, a litre of diesel cost Rs 86.67 in India.
The price of petrol in Mumbai has been reduced to Rs 109.98 a litre. After the price drop, the price of a gallon of diesel in the financial capital was Rs 94.14.
