Petrol and diesel price today: Petrol price in Delhi was cut by Rs 8.56 per litle on Thursday after the Delhi government reduced value-added tax (VAT) on petrol from 30 per cent to 19.40 per cent.
Following the latest price revision, petrol in Delhi is now retailing at Rs 95.41 a litre. Diesel on the other hand continues to retail at Rs 86.67. In Mumbai, petrol currently costs Rs 109.98, while diesel is retailing at Rs 94.14, data available on Indian Oil Corporation’s website showed.
The fuel prices across key cities were collectively last revised on November 4 after the central government cut the excise duty on the two key fuels to bring down their retail rates from their record highs and had urged state governments to cut VAT on fuel.
