Petrol, Diesel prices fall today after reduction in VAT

GUWAHATI: Petrol and diesel prices on Friday, November 5, saw a sharp decline as more states had announced VAT cuts.

With this price reduction, The price of Petrol in Assam is Rs 94.58 Per Litre today. On the other hand, one litre of diesel here cost Rs 81.29 after the excise cut.

In Delhi, petrol was priced at Rs 103.97 and one litre of diesel here cost Rs 86.67 after the excise cut.

Petrol price in Mumbai was cut to Rs 109.98 per litre. Diesel price in the financial capital stood at Rs 94.14 for one litre after the price cut.

In West Bengal capital Kolkata, price of one litre of petrol on Friday stood at Rs 104.67. On the other hand, the price of one litre of diesel was fixed at Rs 89.79 in the eastern metropolitan city.

After the Centre announced to reduce VAT on fuel, several states joined the Centre in cutting down the fuel rates, which were at shocking highs in the recent past.

Petrol, diesel price saw their lifetime high before the Centre and the states announced excise cuts.

On the eve of Diwali, the central government announced a cut in excise duty on petrol by Rs 5 per litre and diesel by Rs 10 per litre.