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Petrol, Diesel Become Cheaper after Centre’s Excise Duty Cut; Check Fuel Rates Today

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A statement issued by the government said the state exchequer will have to bear an annual loss of Rs 2,500 crore as a result of this decision.  (PTI)

A statement issued by the government said the state exchequer will have to bear an annual loss of Rs 2,500 crore as a result of this decision. (PTI)

Petrol, Diesel Prices on Tuesday: In Mumbai after the reduction of excise duty and VAT one litre of petrol will cost Rs 111.35 and a litre of diesel Rs 97.28.

  • Last Updated:May 24, 2022, 07:38 IST
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Petrol, Diesel Prices on Tuesday: The prices of petrol and diesel have remained unchanged on Tuesday after Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel on Saturday. The central government slashed central excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 a litre, providing much-needed relief to households that have been hit by 8-year high inflation.

Petrol price in Delhi from today, when the excise cuts become effective, will cost Rs 96.72 a litre as against Rs 105.41 a litre currently while diesel will cost Rs 89.62 a litre as opposed to Rs 96.67 now. The Maharashtra administration on Sunday slashed the Value-added tax (VAT) on petrol and diesel. VAT on petrol has been slashed by Rs 2.08 per litre and Rs 1.44 per litre has been reduced on diesel.

In Mumbai after the reduction of excise duty and VAT one litre of petrol will cost Rs 111.35 and a litre of diesel Rs 97.28. In Chennai, the petrol and diesel prices are at Rs 102.65 and Rs 94.24 per litre . In Kolkata, the price of petrol is Rs 106.03 and diesel is Rs 92.76 . In Bengaluru, one litre of petrol will cost Rs 101.94 and one litre of diesel will cost Rs 87.89. In Gurugram, one litre of petrol will cost Rs 97.81 and Rs 90.05 for one litre of diesel.

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