(M.C)
Petrol and diesel prices remained unchanged on January 12, according to a price notification by state-owned fuel retailers. The rates have been static thanks to the highest-ever excise duty cut by the Centre to bring them down from record highs.
The government cut the duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre on November 3. Following this, many states and Union Territories cut local sales tax or value-added tax (VAT) to give further relief to consumers.
The latest on the list was Delhi that reduced the VAT on petrol from 30 percent to 19.4 percent from December 1 midnight, lowering the price by around Rs 8 per litre in the city to Rs 95.41. The rate remained the same on January 12. Diesel price also remained unchanged in Delhi at Rs 86.67 per litre.
In Mumbai, the November 4 decline had brought the price of petrol down to Rs 109.98 a litre, which remains unchanged. Diesel price also stayed put at Rs 94.14 per litre.
In Kolkata, petrol and diesel prices remained at Rs 104.67 per litre and Rs 89.79 per litre, respectively.
Chennai retailed a litre of petrol at the same price of Rs 101.40. Diesel price also remained unchanged at Rs 91.43 per litre.
The states and Union Territories that had gone for the VAT reduction after the excise duty cut by the Centre include Ladakh, Karnataka, Puducherry, Jammu and Kashmir, Sikkim, Mizoram, Delhi, Himachal Pradesh, and Daman and Diu.
Next in line were Dadra and Nagar Haveli, Chandigarh, Chhattisgarh, Assam, Madhya Pradesh, Tripura, Gujarat, Nagaland, Punjab, Goa, Meghalaya, Odisha, Rajasthan, Arunachal Pradesh, Manipur, Andaman and Nicobar, Bihar, Uttarakhand, Uttar Pradesh and Haryana.
