Home Economy Diesel, Petrol prices remain unchanged for 47th straight day– Check fuel prices...

Diesel, Petrol prices remain unchanged for 47th straight day– Check fuel prices in metro cities on November 18, 2020

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New Delhi: Petrol and diesel costs remained unchanged on Wednesday, as state-run oil advertising corporations held the gasoline costs regular.

Rates differ from state to state relying on the incidence of VAT. Taxes make up for practically two-third of the retail promoting value. 

Here is trying on the value distinction of diesel and petrol in 4 metro cities on November 18.

City Petrol Diesel
Delhi 81.06 70.46
Mumbai 87.74 76.86
Chennai 84.14 75.95
Kolkata 82.59 73.99

In September, diesel costs noticed first discount since mid-March when Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) froze charges for 82 days to regulate a report hike in excise responsibility on auto fuels towards falling benchmark price.

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Diesel charges had gone up by Rs 12.55 a litre between June 7, when oil companies resumed revising costs in keeping with price, and July 25. Diesel value has remained unchanged within the nation since July 25, besides in Delhi the place a discount in VAT lowered the speed by Rs 8.38 per litre. Petrol value went up by Rs 9.17 per litre between June 7 and June 29 earlier than hitting a pause. The revision cycle once more began on August 16 and charges have gone up by Rs 1.51 since then. In all, the petrol value has risen by Rs 10.68 since June 7.

State-owned gasoline retailers revise charges of petrol and diesel each day based mostly on the typical value of benchmark gasoline within the previous 15 days.

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