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Diesel, Petrol prices remain unchanged for 41st straight day

Diesel, Petrol prices remain unchanged for 41st straight day

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by November 12, 2020 Economic News

By Administrator _India

Capital Sands

Petrol and diesel prices remained unchanged on Thursday, as state-run oil marketing companies held the fuel prices steady.

Rates differ from state to state depending on the incidence of VAT. Taxes make up for nearly two-third of the retail selling price.

Here is looking at the price difference of diesel and petrol in four metro cities on November 12.

City Petrol Diesel
Delhi 81.06 70.46
Mumbai 87.74 76.86
Chennai 84.14 75.95
Kolkata 82.59 73.99

In September, diesel prices saw first reduction since mid-March when Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) froze rates for 82 days to adjust a record hike in excise duty on auto fuels against falling benchmark cost.

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