Petrol, Diesel Prices on May 28: The Centre had last week cut the prices of petrol and diesel, following which petrol price and diesel price have dropped across the country. The prices of petrol and diesel remained unchanged on Saturday, May 28, as oil companies did not reduce or increase their rates during the daily update at 6 am. The fuel prices saw a sharp drop last week as a result of finance minister Nirmala Sitharaman announcing that the central government had decided to cut the excise duty on petrol and diesel given their exorbitant prices.
On May 21, Nirmala Sitharaman announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel. As a result, petrol price was decreased by Rs 8.69 per litre while diesel was cut by Rs 7.05 in Delhi.
Petrol and diesel prices were last increased on April 6 by 80 paise a litre, taking the total hike in rates in 16 days to Rs 10 per litre. Between March 22 to April 6, petrol and diesel prices were hiked 14 times.
According to Goodreturns, in Noida, petrol price is Rs 96.65 per litre, while diesel rate is Rs 89.82 per litre. In Lucknow, petrol price is Rs 96.44 per litre, while diesel rate is Rs 89.64 per litre.
Petrol in Gurugram is selling for Rs 97.18 per litre while diesel stands at Rs 90.05 per litre. Petrol price in Delhi stands at Rs 96.72 a litre while the rate of diesel is Rs 89.62 per litre. In Mumbai, petrol rate stands at Rs 111.35 per litre and diesel costs Rs 97.28 for one litre.
It is noteworthy here that the prices of petrol and diesel differ from state to state depending on the VAT. Petrol in Kolkata stands at Rs 106.03 per litre while diesel costs Rs 92.76 a litre. In Chennai, the rate of petrol is Rs 102.75 per litre, while the price of diesel is Rs 94.34 per litre.