The oil marketing companies kept prices of petrol and diesel unchanged across major Indian cities on Thursday.
Last week, the Delhi government had reduced value-added tax (VAT) on petrol from 30 per cent to 19.40 per cent. The decision marked Rs 8.56 per litre reduction in petrol prices from December 2 in the national capital.
Accordingly, diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively. In Mumbai, petrol is currently retailed at Rs 109.98 per litre; while diesel is being sold at Rs 94.14 per litre.
Prices also remained static in Kolkata at Rs 89.79 and Rs 104.67, respectively.
In Chennai too, it remained unchanged at Rs 91.43 and Rs 101.40 per litre, respectively.
Across the country as well, the price of the fuel largely remained unchanged on Thursday but the retail rates varied depending on the level of local taxes.
Notably, fuel prices remained largely steady since Diwali when the Centre and some states reduced duties on them.
On the eve of Diwali this year, the Centre 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. Several states have already cut VAT on petrol and diesel.
(With inputs from Agencies)
