The central government’s decision to cut excise duty by reducing local sales tax (VAT) rates was matched by 22 states and Union Territories reducing VAT rates in different proportions.
Domestic fuel rates have been further lowered in BJP-ruled states and Union Territories, as they match the central government’s decision to cut excise duty by reducing local sales tax (VAT) rates. Petrol prices have come down by up to ₹ 8.7 a litre while diesel rates have been slashed by ₹ 9.52 a litre. Bringing a big relief for consumers across the country, the government of India announced a reduction in excise duty on petrol and diesel on the occasion of Diwali. The excise duty on petrol has been reduced by ₹ 5 a litre while diesel sees a price cut of ₹ 10 a litre. This announcement was matched by 22 states and Union Territories reducing VAT rates in different proportions.
Here are the petrol and diesel prices across six major metros on November 6, 2021:
|Delhi||₹ 103.97||₹ 86.67|
|Mumbai||₹ 109.98||₹ 94.14|
|Chennai||₹ 101.40||₹ 91.43|
|Kolkata||₹ 104.67||₹ 89.79|
|Bengaluru||₹ 100.58||₹ 85.01|
|Hyderabad||₹ 108.20||₹ 94.62|
Petrol and diesel in Delhi are priced at ₹ 103.97 a litre and ₹ 86.67 a litre. In Mumbai, petrol and diesel are priced at ₹ 109.98 a litre and ₹ 94.14 a litre, respectively. Consumers in Chennai will now have to pay ₹ 101.40 a litre for petrol, while diesel is priced at ₹ 91.43 a litre. Petrol and diesel rates in Kolkata now stand at ₹ 104.67 a litre and ₹ 89.79 a litre. In Bengaluru, petrol now costs ₹ 100.58 a litre, and diesel is priced at ₹ 85.01 a litre. In Hyderabad, petrol is being retailed at ₹ 108.20 a litre while diesel is available at ₹ 94.62 a litre.
Fuel rates continue to remain the most expensive in Sri Ganganagar of Rajasthan. Consumers will now have to pay ₹ 116.34 a litre for petrol and ₹ 100.53 a litre for diesel. In Madhya Pradesh’s Anuppur and Rewa districts, petrol is now retailing at ₹ 110.12 per litre and ₹ 109.71 a litre, respectively. Diesel rates in these districts have come down to ₹ 93.53 a litre and 93.16 a litre, respectively. In Bhopal, fuel rates have been reduced to ₹ 107.23 a litre and ₹ 90.87 a litre, respectively.
The states that extended additional Value-Added Tax benefits are Karnataka, Puducherry, Mizoram, Arunachal Pradesh, Manipur, Nagaland, Tripura, Assam, Sikkim, Bihar, Madhya Pradesh, Goa, Gujarat, Dadra & Nagar Haveli, Daman & Diu, Chandigarh, Haryana, Himachal Pradesh, Jammu & Kashmir, Uttarakhand, Uttar Pradesh and Ladakh. Karnataka saw a price cut of ₹ 8.62 a litre due to Value-Added Tax reduction while diesel rates came down by ₹ 9.40. In Madhya Pradesh, consumers received an additional relief of ₹ 6.89 price and ₹ 6.96 on petrol and diesel, respectively. According to the price chart, petrol and diesel price reduction in the national capital Delhi was ₹ 6.07 per litre and ₹ 11.75 a litre, respectively.