Mumbai, Feb 7: The price of petrol and diesel remained unchanged on Wednesday, February 7. In Mumbai, the price of petrol today was at Rs 81.24 per litre, the same as what it was yesterday. The price of diesel in the Maximum city was Rs 68.39 per litre today. In Delhi, petrol price was at Rs 73.38 per litre while diesel price was at Rs 64.22 per litre today. Check the price of petrol and diesel in your city as on February 7 here. Also Read - Diwali Bonanza: Petrol, Diesel Prices May Bring Relief to Customers in November
In Kolkata and Chennai, the price of petrol was at Rs 76.07 per litre and Rs 76.12 per litre today respectively. The price of diesel in Kolkata and Chennai today was Rs 66.89 per litre and Rs 67.73 per litre respectively. Also Read - Petrol, Diesel Prices Unchanged Since a Month; Sales Exceed Pre-Covid Levels
Fuel prices have been on the rise for the past two months. There was a slight relief on Saturday, February 3, when the price of petrol came down by about 1 paisa and diesel rate also came down a little. However, that was negated again as prices began rising again from Sunday. Also Read - Big Relief! Petrol, Diesel Prices May go Down Ahead of Diwali
On Monday, Oil Minister Dharmendra Pradhan said that just four states and one union territory have cut local sales tax or VAT on petrol and diesel since the October 2017 decision of the Centre to reduce excise duty on the two fuels. However, the spurt in international prices since then have negated the reductions and retail rates are more than October.
There was also no relief from rising fuel prices from Budget 2018 presented by Finance Minister Arun Jaitley on February 1. Jaitley announced a cut in excise duty on fuel by Rs 2. The Narendra Modi government also decided to do away with an additional excise duty on fuel by Rs 6. However, that made no difference to the rising petrol and diesel prices as this Rs 8 amount was converted to “road cess” on fuel, thereby, making no change in the price of petrol and diesel for the consumer effectively.