Business & Economics

Tax Cut Drops Petrol, Diesel Price Below Rs 100 In Many States

BP World Bureau | Nov 21 2021 10:26:24 AM
Image credits: Twitter

NEW DELHI: Central government has cut excise duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre on the eve of Diwali, after facing criticisms over an increase in petrol and diesel prices. 

States that were ruled by National Democratic Alliance (NDA) and allies have also cut the Value Added Tax (VAT) on petrol and diesel prices.

State-run oil marketing companies' (OMCs) notifications revealed that the price of petrol and diesel dropped sharply after the Union government had decided to reduce the excise duty on auto fuel. In some states, it dropped below 100 per litre. 

Prices are as follows;

  1. Petrol price in Mumbai: Rs 109.98 per litre

Diesel price in Mumbai: Rs 94.14 per litre

  1. Petrol price in Delhi: Rs 103.97 per litre

Diesel price in Delhi: Rs 86.67 per litre

  1. Petrol price in Chennai: Rs 101.40 per litre

Diesel price in Chennai: Rs 91.43 per litre

  1. Petrol price in Kolkata: Rs 104.67 per litre

Diesel price in Kolkata: Rs 89.79 per litre

  1. Petrol price in Bhopal: Rs 107.23 per litre

Diesel price in Bhopal: Rs 90.87 per litre

  1. Petrol price in Hyderabad: Rs 108.20 per litre

Diesel price in Hyderabad: Rs 94.62 per litre

  1. Petrol price in Bengaluru: Rs 100.58 per litre

Diesel price in Bengaluru: Rs 85.01 per litre

  1. Petrol price in Chandigarh: Rs 100.12 per litre

Diesel price in Chandigarh: Rs 86.46 per litre

  1. Petrol price in Lucknow: Rs 95.28 per litre

Diesel price in Lucknow: Rs 86.80 per litre

  1. Petrol price in Guwahati: Rs 94.58 per litre

Diesel price in Guwahati: Rs 81.29 per litre