Petrol price down by ₹8.69, diesel by ₹7.05
The Hindu
Centre on May 21 announced a record ₹8 per litre cut in excise duty on petrol and ₹6 reduction on diesel
Petrol price on Sunday was slashed by ₹8.69 a litre and that of diesel by ₹7.05 per litre following the government's decision to cut excise duty on auto fuels, giving relief to consumers battered by high fuel prices that had pushed inflation to a record high.
The government had on Saturday announced a record ₹8 per litre cut in excise duty on petrol and ₹6 reduction on diesel.
Petrol in the national capital now costs ₹96.72 a litre as against ₹105.41 previously. Diesel is now priced at ₹89.62 per litre as opposed to ₹96.67 earlier, a price notification from State-owned fuel retailers showed.
In Mumbai, petrol rates have been slashed to ₹111.35 a litre from ₹120.51 while diesel rates have come down to ₹97.28 per litre from ₹104.77.
Rates differ from State to State depending on incidence of local taxes such as VAT.
Petrol now costs ₹106.03 a litre in Kolkata (earlier ₹115.12) and ₹102.63 in Chennai (previously ₹110.85). Diesel is priced at ₹92.76 a litre in Kolkata (previously ₹99.83) and ₹94.24 in Chennai (earlier ₹100.94).
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