Fuel prices witness yet another dip across India: Check revised rates here

The fuel rates in Delhi, Mumbai and other metro cities came down for the 20th day in a row on Saturday. Notably, petrol prices were slashed by Rs 0.17 in Delhi and Mumbai. A reduction was also witnessed in diesel prices by Rs 0.16 and Rs 0.17 respectively.

Following the reduction, petrol is being sold at Rs 77.89 per litre in Delhi and Rs 83.40 per litre in Mumbai. Diesel is being retailed at Rs 72.58 per litre and Rs 76.05 per litre in Delhi and Mumbai respectively.

The news agency ANI quoted, “Petrol and diesel prices in #Delhi are Rs 77.89 per litre (decrease by Rs 0.17) and Rs 72.58 per litre (decrease by Rs 0.16), respectively. Petrol and diesel prices in #Mumbai are Rs 83.40 per litre (decrease by Rs 0.17) and Rs 76.05 (decrease by Rs 0.17), respectively.”

Petrol and diesel prices in #Delhi are Rs 77.89 per litre (decrease by Rs 0.17) and Rs 72.58 per litre (decrease by Rs 0.16), respectively. Petrol and diesel prices in #Mumbai are Rs 83.40 per litre (decrease by Rs 0.17) and Rs 76.05 (decrease by Rs 0.17), respectively. pic.twitter.com/jglQ1gGbLt

— ANI (@ANI) November 10, 2018

The price of petrol in Kolkata was slashed to Rs 79.81 per litre a slash of 17 paise and its price in Chennai was reduced to Rs 80.90 per litre, a cut by 18 paise. Diesel in Kolkata was Rs 74.44 per litre, a cut of 16 paise and its price in Chennai was Rs 76.72 per litre, a slash of 17 paise. In Bengaluru, petrol and diesel are being sold at Rs 78.78 and Rs 73.21, respectively.

A day after Diwali, the petrol and diesel prices were slashed by Rs 0.21  and Rs 0.18 in the national capital, whereas in Mumbai the fuel rate was cut by Rs 0.20 and Rs 0.19, respectively. Including today’s cut, fuel prices have come down by almost 10 percent after witnessing a relentless hike in October burning a hole in the common commuter’s pocket.

On October 4, fuel prices were cut by a minimum Rs 2.50. On October 5 when the government’s cut in excise duty of Rs 1.50 per litre was implemented, then state-owned fuel retailers provided a Re 1 per litre subsidy. In BJP-ruled states, the reduction was higher as they matched the cut with a similar reduction in local sales tax or VAT.

Delhi, which did not cut VAT on fuel, still has the cheapest fuel among all the metros and bulk of state capital as it levies lower taxes. On the other side, Mumbai despite reducing VAT on petrol still has the highest priced fuel.

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