• Tax on petrol cut to 50 per cent, check fuel prices today


    New Delhi: Fuel prices remained unchanged for the eighth straight day on Thursday, November 11 even as the Union government announced to cut excise duty on petrol and diesel on the eve of Diwali, bringing much relief to the consumers.

    The central government had cut excise duty on fuels, reducing the price of petrol by Rs 5 and that of diesel by Rs 10. Following this, several states, mostly ruled by the National Democratic Alliance (NDA), Bharatiya Janata Party (BJP) and allies, have also reduced the Value Added Tax (VAT) applied on fuel.

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    With two back to back rate cuts, petrol price has come down under Rs 100-per litre mark in most part of the country.

    Since the government imposed the excise duty cut, the price of petrol and diesel has been kept on halt ever since. After the much-awaited price cut, petrol price reduced to Rs 103.97 in Delhi. In Mumbai, a litre of petrol was available at Rs 109.98 per litre, highest among the metro cities.

    A litre of petrol would cost you Rs 104.67 in West Bengal while the auto fuel was price at Rs 101.40 in Chennai. Petrol was prices at Rs 107.23 in Bhopal.

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