For India's fuel consumers, reprieve continues for the fourth straight day as petrol and diesel prices remained unchanged on Sunday.
Accordingly, in Delhi, the price of petrol and diesel remains Rs 105.41 per litre and Rs 96.67 per litre respectively
In Mumbai, the price of petrol was held unchanged at an all-time high of Rs 120.51 per litre. Diesel price also continues to be at Rs 104.77 a litre, the highest among metros.
In Chennai, petrol costs Rs 110.85 per litre and diesel Rs 100.94 per litre. In Kolkata, petrol is at Rs 115.12 per litre and diesel Rs 99.83 per litre.
Petrol and diesel prices were last hiked by 80 paise a litre each on Wednesday, taking the total increase in rates in 16 days to Rs 10 per litre.
There have been 14 increases in prices in 17 days since the ending of a four-and-half-month long hiatus in rate revision on March 22.
Prices are set to be raised further given the sharp jump in crude oil prices in the international markets. It will have a cascading impact on the prices of other items and lead to inflationary pressure and hurt growth while also impacting the prices of other items.
Notably, on November 3 last year, the Centre had cut excise duty by Rs 5 per litre on petrol and Rs 10 per litre on diesel to bring down the retail prices across the country. Following this, several state governments had reduced Value-Added Tax (VAT) on petrol and diesel to provide relief to people.
(With inputs from Agencies)