The petrol and diesel price remained unchanged for the 87th consecutive day today. The prices were last revised on May 22 after the central government slashed excise duty on petrol by Rs 8 per litre, and on diesel by Rs 6 per litre. Moreover, in Maharashtra, the prices were revised last month, after the state government slashed the value-added tax (VAT) on petrol prices by Rs 5 per litre and on diesel by Rs 3 per litre.
Notably, the fuel prices vary from state to state depending upon the VAT charged by the state government. In New Delhi, while the price of petrol stood at Rs 96.72 per litre, diesel prices stood at Rs 89.62 per litre. In Mumbai, the petrol prices stood at Rs 106.31 per litre, and diesel prices stood at Rs 94.27 per litre. While the petrol price in Kolkata stood at Rs 106.03 per litre, the price of diesel stood at Rs 92.76 per litre. In Chennai, the petrol prices continue to remain at Rs 102.63 per litre, and the diesel prices continue to remain at Rs 94.24 per litre. In Bengaluru, the petrol prices stood at Rs 101.94 per litre, whereas the diesel prices stood at Rs 87.89 per litre.
Notably, in the international market, crude oil prices slipped to a six-month low, the lowest since February, amidst the fear of recession in the US, according to Reuters, Brent crude slipped 44 cents or 0.5 per cent to $91.90 per barrel by 0815 GMT. US West Texas Intermediate (WTI) crude was down 9 cents or 0.1 per cent to $86.44.
