Petrol, Diesel Prices Today, November 12: Fuel prices unchanged for 8th straight day after excise duty cut, check prices in your city
Zee News
Petrol and diesel prices have remained steady for the eighth straight day after the Centre lowered excise tax on fuel to bring retail rates down from record highs.
New Delhi: Petrol and diesel prices remained unchanged for the 8th straight day on Friday after the Centre lowered excise tax on fuel to bring retail rates down from record highs.
The price of petrol in Delhi stands at Rs 103.97 per litre while diesel is at Rs 86.67 per litre. In Kolkata, the price of petrol is presently Rs 104.67 per litre, while diesel is Rs 89.79 per litre. A litre of petrol was sold in Chennai for the same price of Rs 101.40. The price of diesel remained unchanged at Rs 91.43 a litre. Similarly, petrol and diesel rates in Mumbai stayed unchanged at Rs 109.98 and Rs 94.14 per litre.
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.
