The revised rates of petrol and diesel in the national capital stood at Rs 81.68/litre (increase by 18 paise/litre) and Rs 73.79/litre (increase by 29 paise/litre) respectively.
Petrol and diesel rates continued to spiral in Delhi on Saturday. The revised rates of petrol and diesel in the national capital stood at Rs 81.68/litre (increase by 18 paise/litre) and Rs 73.79/litre (increase by 29 paise/litre) respectively, according to news agency ANI.
On the other hand, petrol and diesel prices in Mumbai stood at Rs 87.15/litre (increase by 18 paise/litre) and Rs 76.75 (decrease b 70 paise/litre) respectively.
Earlier on Thursday, in a major relief for common man from the sky-rocketing fuel prices, the Modi government announced Rs 2.50 per litre cut. The Centre cut excise duty on petrol and diesel by Rs 1.50 per litre and asked oil firms to absorb Rs 1 per litre of prices. Announcing the steps during a press conference in New Delhi, Finance Minister Arun Jaitley also appealed state governments to reduce VAT on petrol and diesel.
At least 12 states announced VAT rate cuts (amounting to another Rs 2.5 per litre) on petrol and diesel after Jaitley urged the states to follow suit and cut the VAT on fuel by an equal amount.
Cuts announced in excise duty and VAT by the Centre and states respectively led to reduction of petrol and diesel prices by Rs 5 per litre in 12 states.
The 12 states which announced cuts in petrol and diesel prices are Maharashtra, Madhya Pradesh, Jharkhand, Chhattisgarh, Assam, Uttar Pradesh, Haryana, Jammu and Kashmir, Himachal Pradesh, Tripura Gujarat, and Goa.
