Diesel price in Delhi touches new high, reverses fuel price reduction by Centre
As compared with Delhi, both petrol and diesel are cheaper in the neighbouring Gurgaon or Gurugram (by about Rs 1.40 a litre) and Noida (by about Rs 2.5).
New Delhi: Less than a fortnight after the Centre forced a reduction in fuel prices by Rs 2.5 per litre, diesel prices in Delhi have once again jumped to a fresh high to reverse the decrease. Diesel is now being sold at Rs 75.69 a litre, beating its earlier high of Rs 75.45.
On October 4, finance minister Arun Jaitley had announced a Rs 1.5 cut in excise duty on both petrol and diesel and asked state-run fuel retailers to bear a loss of Re 1 on the fuel. This was followed by another round of Rs 2.5 reduction in sales tax or VAT by several states.
Even in Mumbai, diesel prices are rising constantly and are already close to their earlier high of Rs 80.10. A litre of diesel costs Rs 79.35 in Mumbai, Rs 80.04 in Chennai and Rs 77.54 in Kolkata.
The pace of hike in petrol prices has, however, been slower. In Delhi, a litre of petrol costs Rs 82.83, in Mumbai Rs 88.29, Chennai Rs 86.10 and Kolkata Rs 84.65.
The hikes in petrol and diesel prices were for the 11th consecutive day today.
Since both the Uttar Pradesh and Haryana governments have reduced VAT on fuel, pressure is now on the neighbouring Delhi government to announce a tax cut. Petrol and diesel are cheaper in neighbouring Gurgaon or Gurugram (by about Rs 1.40) and Noida (by about Rs 2.5).
Editor's Picks »
- What to expect from Q3 results of IndiGo, SpiceJet, Jet Airways
- Forget privatisation, govt has hugged its banks tighter
- Flat profit, rising debt are growing worries for Reliance
- Q3 results: HUL growth off a high base shows it’s on a roll
- DCB Bank Q3 results: Small loans give big pain as farm, mortgages lift delinquencies