The petrol and diesel prices remained unchanged on Thursday across various cities in the country including the national capital Delhi, Mumbai, Kolkata, etc.
Currently, the cost of one litre of petrol in Delhi stands at Rs 103.97 per litre and of diesel at Rs 86.67 per litre In the country’s financial capital, the petrol and diesel prices have remained static to Rs 109.98/litre and Rs 94.14 per litre, respectively.
As for Kolkata and Chennai, petrol and diesel cost Rs 104.67 and Rs 89.79 and Rs 101.40 and Rs 91.43 respectively in Chennai. In Bengaluru, petrol is available at Rs 100.58 per litre and diesel at Rs 85.01 and in Hyderabad, one litre of petrol is now available at Rs 108.20 and diesel cost Rs 94.62 for one litre of diesel.
Prices differ from state to state, depending on the incidence of local taxes and cost of transportation. As per the Ministry of Petroleum and Natural Gas, following the reduction, 23 states/UTs also undertook a commensurate reduction of VAT on Petrol and Diesel to give relief to consumers.
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Meanwhile, the total incidence of taxes on petrol has come down to 50 per cent and that on diesel to 40 per cent following a reduction in excise duty by the central government, and by a slightly higher proportion in states that have also cut local sales tax or VAT on the fuel.
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