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As Centre slashes excise duty on petrol, diesel, these are the latest prices

The reduction comes a day after finance minister Nirmala Sitharaman announced that the excise duty on petrol and diesel has been slashed by ₹8 per litre and ₹6 per litre respectively.

Published on: May 22, 2022, 08:23:27 IST
Written by | Edited by , New Delhi
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Prices of petrol and diesel fell on Sunday after they had remained unchanged for nearly six weeks. The reduction comes a day after finance minister Nirmala Sitharaman announced that the excise duty on petrol and diesel has been slashed by ₹8 per litre and ₹6 per litre respectively.

From Sunday, a litre of petrol in Delhi will cost  ₹96.76 compared to the previous price of  ₹105.41
From Sunday, a litre of petrol in Delhi will cost ₹96.76 compared to the previous price of ₹105.41

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With the slash in excise duty, the price of petrol in the national capital Delhi reduced by ₹8.65 per litre and diesel by ₹7 per litre. From Sunday, a litre of petrol in Delhi will cost ₹96.76 compared to the previous price of ₹105.41.

A litre of diesel, on the other hand, will be sold at ₹89.66 compared to ₹96.67 previously.

Here are the fresh prices of petrol and diesel in some major cities of the country:

CityPrice of petrol (per litre)Price of diesel (per litre)
Mumbai ₹111.33 ₹97.26
Kolkata ₹106.01 ₹92.74
Chennai ₹102.62  ₹94.22
Bengaluru ₹101.92 ₹87.87
Gurugram ₹97.17 ₹90.03

In Odisha, the All India Petroleum Dealers Association in Bhubaneswar said that with the slash in excise duty and the state government reducing taxes, a litre of petrol and diesel in the state will cost ₹102.25 and ₹94.86 respectively, news agency PTI reported.

Rajasthan and Kerala also announced tax cuts on petrol and diesel following the reduction of excise duty by the Centre.

Also Read| ‘Stop befooling people’: Congress after excise duty cut on petrol, diesel

On Saturday, the Ashok Gehlot government in Rajasthan reduced the Value-added tax (VAT) on petrol by ₹2.48 per litre and diesel by ₹1.16 per litre. Chief minister Gehlot tweeted, “Due to the reduction in the prices of petrol and diesel by the central government, the state government will reduce VAT by ₹2.48 per litre on petrol and ₹1.16 per litre on diesel. With this, petrol will be cheaper by ₹10.48 and diesel by ₹7.16 per litre in the state.”

Meanwhile in Kerala, the state government announced a tax cut on petrol and diesel ₹2.41 and ₹1.36 respectively.

  • Swati Bhasin
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    Swati Bhasin

    A newsroom junkie with 11+ years of experience with print and online publications; travel and books are the soup for the soul.