With the exception of the national capital, India’s petrol and diesel prices remained steady on December 9 for the first time in over a month. The value-added tax (VAT) on gasoline would be decreased, according to the Delhi government. Petrol in Delhi has reduced by Rs 8 per litre as a result of the long-awaited tax cut, providing respite to the average man.
The central government decided last month to lower fuel excise duty in order to down soaring prices. The excise duty on fuel and diesel was slashed by Rs 5 and Rs 10 on November 3 by the Centre. Following this, several states led by the National Democratic Alliance (NDA) and its allies declared a cut in VAT on motor fuel, resulting in a considerable drop in gasoline and diesel prices across the country.
The value-added tax (VAT) on gasoline and fuel was later decreased in Punjab and Rajasthan, both of which are ruled by the opposition. As a result of back-to-back tax cuts by the Centre and state governments, petrol prices have plummeted below Rs 100 per litre in numerous parts of India.
In India, fuel and diesel prices range from one state to the next due to state-imposed VAT. In Delhi, a gallon of petrol costs Rs 95.41, making it the cheapest in the National Capital Region. Mumbai had the most costly auto fuel of the four metro cities. A litre of petrol was available for Rs 109.98 on Thursday. In Chennai, a litre of petrol will set you back Rs 101.40. Auto petrol was available for Rs 101.40 in Kolkata.
As a result of the tax cut, the price of diesel has decreased dramatically. Diesel in Delhi was priced at 86.67 rupees a litre on Thursday. A litre of diesel was available for Rs 94.14 in the financial capital. A litre of diesel would set you back Rs 91.43 in Chennai. The price of diesel in Kolkata on December 9 was Rs 101.56 per litre.
On Thursday, oil prices jumped further, driven by hopes that the Omicron coronavirus type would have little influence on global economy. WTI crude futures in the United States were up 28 cents, or 0.4 percent, to $72.64 a barrel at 0201 GMT, adding to a previous session gain of 0.4 percent. On Thursday, Brent oil futures increased 22 cents, or 0.3 percent, to $76.04 per barrel, following a 0.5 percent advance the day before.
Diesel and gasoline prices in some of the country’s major cities:
In Mumbai, a litre of petrol costs Rs 109.98.
The price of fuel in Mumbai is Rs 94.14 per litre.
In Delhi, a gallon of petrol costs Rs 95.41.
The price of fuel in Delhi is Rs 86.67 per litre.
In Chennai, a gallon of petrol costs Rs 101.40.
The price of fuel in Chennai is Rs 91.43 per litre.
In Kolkata, a gallon of petrol costs Rs 104.67.
The price of fuel in Kolkata is Rs 89.79 per litre.
In Bhopal, a gallon of petrol costs Rs 107.23.
The price of diesel in Bhopal is Rs 90.87 per litre.
In Hyderabad, a litre of petrol costs Rs 108.20.
Diesel costs Rs 94.62 per litre in Hyderabad.
In Bengaluru, a litre of petrol costs Rs 100.58.
The price of diesel in Bengaluru is Rs 85.01 per litre.
In Chandigarh, a litre of petrol costs Rs 100.12.
In Chandigarh, a litre of diesel costs Rs 86.46.
The price of petrol in Japiur is Rs 107.06.
Diesel costs Rs 90.07 in Jaipur.
The price of petrol in Gurgaon is Rs 95.90.
In Gurgaon, the price of diesel is Rs 87.11.
The price of petrol in Raipur is Rs 101.11.
The diesel price in Raipur is Rs 92.33.
Diesel costs Rs 81.29 per litre in Guwahati.
In Guwahati, a litre of petrol costs Rs 94.58.
In Lucknow, a litre of petrol costs Rs 95.28.
In Lucknow, a litre of diesel costs Rs 86.80.
The price of gasoline in Ahmedabad is 95.13 per litre.
Diesel costs Rs 89.12 per litre in Ahmedabad.