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The price of auto fuel continued to remain steady as petrol and diesel prices stay unchanged on Thursday across various cities in the country including the national capital Delhi, metro cities Mumbai, Kolkata and Chennai.

As of Thursday, the cost of one litre of petrol in Delhi stands at 103.97 and that of diesel at 86.67 per litre. Meanwhile, In the country's financial capital, the petrol and diesel prices have remained static to 109.98/litre and 94.14 per litre, respectively.

As for Kolkata and Chennai, petrol and diesel cost 104.67 and 89.79 and 101.40 and 91.43 respectively in Chennai. Prices differ from state to state, depending on the incidence of local taxes and cost of transportation.

As per the Ministry of Petroleum and Natural Gas, following the reduction, 23 states and Union Territories s also undertook a commensurate reduction of VAT on Petrol and Diesel to give relief to consumers.

Meanwhile, 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.

Earlier this week, Chhattisgarh Government reduced Value Added Tax (VAT) on diesel by 2 per cent and on petrol by 1 per cent.

The Chhattisgarh Chief Minister Bhupesh Bhagel said that by this move, the state government will incur a loss 1,000 crore.

"VAT on petrol reduced by 1 per cent. State Government will bear about 1,000 crores loss," the tweet read.

Meanwhile, Union Minister for Civil Aviation, Jyotiraditya Scindia has urged the states and Union Territories to reduce the value-added tax (VAT) on jet fuel as it will help in increasing air traffic.

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