Petrol, diesel price drop: Petrol and diesel prices across India remained unchanged for the seventh consecutive day, on Wednesday, November 10, amid excise duty cut by the Centre and Value Added Tax (VAT) cut by more than 20 states. Last week, the Centre had cut excise duty on the fuels, reducing the price of petrol by Rs 5 and that of diesel by Rs 10. After the price cut, petrol price has come down under Rs 100-per-litre mark in most part of the country. Several states, mostly ruled by the NDA and BJP had also joined to slash VAT on petrol and diesel, making them even cheaper. Now, Opposition-ruled states are joining them too, to cut VAT rates on the fuels.
Rajasthan was the latest Opposition-ruled states to join the train of those cutting VAT rates on petrol and diesel prices. On Tuesday, amid increasing pressure from the BJP, Rajasthan chief minister Ashok Gehlot said that his government would also reduce petrol, diesel prices. However, he did not specify when this would happen, or how much tax was going to be slashed. “When all states have reduced the prices, we would also have to reduce it,” he said at a public gathering. “Our government will also provide relief to people by reducing VAT on petrol and diesel in the state,” Gehlot added.
Punjab was the first non-BJP ruled state to announce VAT cut. On Sunday, chief minister Charanjit Singh Channi made the announcement saying, “We are reducing the rate of petrol by Rs 10 per litre and diesel by Rs 5 per litre from midnight.” The new prices came into effect from Monday. Petrol rates came down to Rs 95 per litre, while one litre of diesel retailed at Rs 83.75 from Monday across Punjab.
With the Centre’s tax reduction, petrol price was cut to at Rs 103.97 in the national capital of Delhi and remained unchanged on Wednesday. On the other hand, one litre of diesel here cost Rs 86.67 on the day. Delhi has not announced any VAT cut.
Petrol price in Mumbai stood at Rs 109.98 per litre on the day. Diesel price in the financial capital was retailing at Rs 94.14 for one litre after the price cut, and was unchanged too.
In West Bengal capital Kolkata, price of one litre of petrol on Monday stood at Rs 104.67. On the other hand, the price of one litre of diesel was fixed at Rs 89.79 in the eastern metropolitan city.
In Chennai, petrol price was at Rs 101.40 for one litre while the price of that amount of diesel stood at Rs 91.43. Petrol price in Bhopal was at Rs 107.23, while diesel price in the Madhya Pradesh city was at Rs 90.87 on the day.
On November 1, prior to the duty cuts, central excise of Rs 32.90 a litre and VAT of 30 per cent in Delhi made up for 54 per cent of the retail selling price of diesel, PTI reported quoting a price build-up by state-owned OMCs. This, after the Rs 5 per litre reduction in excise duty, has come down to 50 per cent in Delhi, said PTI in its report.
Following are the prices of diesel and petrol across some major 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 86.67 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
Chandigarh
Petrol – Rs 100.12 per litre
Diesel – Rs 86.46 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
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