Diesel price up by Rs 0.24 at Rs 74.35, petrol steady at Rs 82.26 per litre in Delhi

With some respite for petrol consumers, only the price of diesel saw a marginal increase on Wednesday. In Delhi, diesel was priced at Rs 74.35 per litre, which was an increase of Rs 0.24 per litre. In Mumbai, diesel saw an increase of Rs 0.25 per litre and was pegged at Rs 77.93, according to the price notification by state-owned oil firms. On Tuesday, petrol prices were pegged at Rs 82.26 per litre and Rs 87.73 in Delhi and Mumbai, respectively.

On Tuesday, the prices of petrol and diesel in Kolkata were ₹ 84.09 and Rs 75.96, respectively. In Chennai, the prices were pegged at Rs 85.50 and Rs 78.35, respectively.

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With the steady rise in the prices of fuel on a daily basis, the cut in the prices of petrol and diesel prices 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, is getting negated and there seems to be no respite in place for consumers anytime in the near future. In BJP-ruled states, the reduction was higher as they matched the cut with a similar reduction in local sales tax or VAT. But the prices were on the rise from the very next day and it touched a three-week high on Sunday.

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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. Mumbai despite reducing VAT on petrol still has the highest priced fuel.