On the eve of Diwali, the government had announced a cut on the excise duty on fuels. The move resulted in a sharp decrease in the petrol and diesel rates, across the country. And now, for the 27th consecutive day, the fuel rates remained unchanged on November 29, today. Notably, the Centre had cut the petrol rates by Rs. 5 and diesel rates by Rs 10. Following the decision, the central government also urged the states to cut down the Value Added Tax (VAT) on the fuels. Several states, the majority ruled by NDA and their allies, announced a reduction in VAT which led to a further dip in fuel rates.
Opposition-ruled Punjab and Rajasthan paid heed to the Centre’s request and brought in the cut in the petrol rates. Petrol price in Punjab was roughly reduced by Rs 16.02 per litre and diesel dipped by Rs 19.61 a litre. This was the combined impact of the excise duty and VAT cut. In Delhi, a litre of petrol will cost Rs 103.97 while the rate of diesel is Rs 86.67 per litre. Followed by the financial capital, wherein a litre of petrol can be bought at Rs 109.98, and the diesel will cost Rs 94.14 per litre. As of November 29, petrol in Chennai and Kolkata is sold at Rs 101.40 and Rs 104.67 per litre, while the rate of diesel is Rs 91.43 and Rs 101.56 a litre.
Check out the fuel prices in a few metros and Tier-II cities in the country:
Mumbai
Petrol – Rs 109.98 per litre
Diesel – Rs 94.14 per litre
Delhi
Petrol – Rs 103.97 per litre
Diesel – Rs 86.67 per litre
Chennai
Petrol – Rs 101.40 per litre
Diesel – Rs 91.43 per litre
Kolkata
Petrol – Rs 104.67 per litre
Diesel – Rs 89.79 per litre
Bhopal
Petrol – Rs 107.23 per litre
Diesel – Rs 90.87 per litre
Hyderabad
Petrol – Rs 108.20 per litre
Diesel – Rs 94.62 per litre
Bengaluru
Petrol – Rs 100.58 per litre
Diesel – Rs 85.01 per litre
Guwahati
Petrol – Rs 94.58 per litre
Diesel – Rs 81.29 per litre
Lucknow
Petrol – Rs 95.28 per litre
Diesel – Rs 86.80 per litre
Gandhinagar
Petrol – Rs 95.35 per litre
Diesel – Rs 89.33 per litre
Thiruvananthapuram
Petrol – Rs 106.36 per litre
Diesel – Rs 93.47 per litre
According to Reuters, international crude oil prices rose on Monday, recouping some losses after Friday’s plunge of about $10 a barrel. Brent crude futures climbed $3.05, or 4.2 per cent, to $75.77 a barrel by 0014 GMT, after falling $9.50 on Friday.
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