The prices of petrol and diesel have remained unchanged for a week on Saturday after Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel on 21 May.
The excise duty cut will translate into a reduction of ₹9.5 a litre on petrol in Delhi and ₹7 a litre in diesel after taking into account its impact on other levies. Petrol price in Delhi from today, when the excise cuts become effective, will cost ₹96.72 a litre as against ₹105.41 a litre currently while diesel will cost ₹89.62 a litre as opposed to ₹96.67 now.
The Maharashtra administration on Sunday slashed the Value-added tax (VAT) on petrol and diesel. VAT on petrol has been slashed by ₹2.08 per litre and ₹1.44 per litre has been reduced on diesel.
Following the government’s decision petrol price was cut by Rs 8.69 per litre while diesel was reduced by Rs 7.05 in the national capital on Sunday.
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The difference in the price of fuel in the states are due to the tax and the cost of transportation imposed by the central and state government.
How to check petrol and diesel price in your city:
Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise fuel rates daily, taking into account crude and rupee-dollar rates in international markets. Daily price changes for fuel are effected at 6 am every day.
To get the indicative prices of Petrol/Diesel in your city/town for the day, kindly SMS “RSP Dealer Code of Petrol Pump” to 92249 92249. For example, SMS “RSP 102072” to 92249 92249 for fuel prices in Delhi.
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