New Delhi: Despite the rise in international crude oil prices, petrol and diesel prices remained stable in the country for the 42nd consecutive day today. Petrol prices in Delhi were reduced by about Rs 8 per liter on December 2 after the reduction in VAT and since then petrol in Delhi has remained stable at Rs 95.41 per liter and diesel at Rs 86.67 per liter. Today, London Brent crude is up 0.85% at 74 74.51 a barrel and US crude in Singapore is up 1.04% at 71 71.61 a barrel.
The reduction in excise duty on petrol and diesel by the central government by Rs 5 and Rs 10 per liter, respectively, had brought down the prices of these two fuels in the country. Since then, 22 states of the country, including Uttar Pradesh and Karnataka, and the Union Territories have reduced the value added tax (VAT) on these two fuels.[diesel prices]
The price of petrol and diesel in the domestic market remained unchanged on the 42nd day. Petrol is being sold at Rs 95.41 per liter and diesel at Rs 86.67 per liter at Indian Oil Corporation Limited (IOCL) stations in the capital Delhi due to reduction in VAT.
Petrol and diesel prices are reviewed on a daily basis and on this basis new prices come into effect from 6 am every day. The prices of petrol and diesel in four major metros of the country, some remain:
nam– city petrol (per liter) – (diesel per liter)
Delhi —– —— 95.41 86.67
mmbyy– ————— 109.98 —————— 94.14
Chennai —————— 101.40 —————— 91.43
Kolkata ———— 104.67 ——————- 89.79
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