Across the country as well, the price of the fuel largely remained unchanged on Thursday but the retail rates varied depending on the level of local taxes.
The petrol pump dealers in Rajasthan have supported the opposition’s demand and are also asking the state government to lower the VAT at par with other neighbouring states.
The central government announced on Wednesday evening that it would be reducing central excise duty on petrol and diesel by Rs 5 and Rs 10 respectively.
The government stated that the idea behind reducing the excise duty is to give a fillip to the economy which is recovering from the onslaught of the pandemic.
Rajasthan Chied Minister Ashok Gehlot pointed at the rising inflation in the country and took a dig at the Modi Government for 'gifting' it to the Indians on Diwali.
Petrol price in Delhi today has gone up to Rs 106.89 per litre, while diesel price today has inched closer to three figures at Rs 95.62 per litre in the national capital.
This is the second consecutive day of the price hike. There was no change in rates on October 18 and 19, prior to which prices were hiked by 35 paise per litre each on four straight days.
Monday and Tuesday did not see any change in prices of petrol and diesel. Prior to this, the prices of both the fuel rose by 35 paise each for four consecutive days.
At the time of publishing, petrol in Delhi was being sold at Rs 105.49 per litre and diesel at Rs 94.22 per litre. In Mumbai, petrol rose to Rs 111.43 per litre and diesel to 102.15 per litre.
The petrol in capital Delhi is priced at Rs 105.14 a litre, while diesel is priced at Rs 93.87 per litre.
Ford’s India exit has brought back the focus on similar exits made by several global auto giants in the past. But, poor product strategy isn’t the only reason behind their pull-out.
This marks the seventh consecutive day of price hike. Petrol prices in the country had breached the Rs 100 mark for every litre, diesel too was nearing-in in several states, Kerala and Karnataka being the latest additions.
Diesel in Mumbai now costs Rs 100.29/ litre, the same fuel in Delhi costs Rs 92.46/litre. Petrol prices in Delhi rose to a record high of Rs 103.84/litre and Rs 109.83/litre in Mumbai.
Petrol prices hiked by 25 paise for every litre whereas diesel went up 30 paise for every litre, as per a price notification of state-owned fuel retailers on Tuesday.
This was the fourth increase in petrol prices this week. As for diesel, this was the seventh increase in nine days.
The union finance minister remained non-commital on excise duty cut on petrol and diesel saying payments in lieu of past subsidised fuel pose limitations.
State Finance Minister P.T. Palanivel Thiaga Rajan, during his budget speech in the assembly, said that he had been instructed by Chief Minister M.K Stalin to provide some relief to the working class and middle class.
"Crude oil was the cheapest in the last 16 years in 2020-21. During corona, between March and May, 2020, when crude oil became cheaper, the central government increased the excise duty on petrol by Rs 13/litre and diesel by Rs 16/litre," a statement from the CTI said.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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