In yet another respite to vehicle users, the prices of fuel were slashed on Friday. Notably, the petrol is being sold at Rs 82.38 per litre in Delhi and Rs 87.84 per litre in Mumbai. Diesel is being retailed at Rs 75.48 per litre and Rs 79.13 per litre in Delhi and Mumbai respectively.
The petrol prices were slashed by Rs 0.24 in Delhi and Mumbai. A reduction was also witnessed in diesel prices by Rs 0.10 and Rs 0.11 respectively.
The news agency ANI quoted, “Petrol and diesel prices in #Delhi are Rs 82.38 per litre (decrease by Rs 0.24) and Rs 75.48 per litre (decrease by Rs 0.10), respectively. Petrol and diesel prices in #Mumbai are Rs 87.84 per litre (decrease by Rs 0.24) and Rs 79.13 per litre (decrease by Rs 0.11), respectively.”
Importantly, the fuel prices have seen a continuous hike across the country from past few months. A slight decline in prices on Thursday as a drop in the cost of production brought some relief to the consumers.
On Thursday, the price of petrol was down by about 21 paise. In Delhi, petrol was priced at Rs 82.62 per litre (decrease by Rs 0.21) while the price of diesel was at Rs 75.58 per litre (decrease by Rs 0.11). Meanwhile, petrol and diesel prices in Mumbai were Rs 88.08 per litre (decrease by Rs 0.21) and Rs 79.24 per litre (decrease by Rs 0.11), respectively.
On October 4, fuel prices were cut by a minimum Rs 2.50 on October 5 when the government’s only second cut in excise duty of Rs 1.50 per litre and state-owned fuel retailers providing a Re 1 per litre subsidy came into effect. In BJP-ruled states, the reduction was higher as they matched the cut with a similar reduction in local sales tax or VAT.
Delhi, which did not cut VAT on fuel, still has the cheapest fuel among all the metros and bulk of state capital as it levies lower taxes. On the other side, Mumbai despite reducing VAT on petrol still has the highest priced fuel.
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