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Diesel, Petrol prices remain unchanged after Diwali; check latest rates
The diesel prices had seen the first reduction since mid-March in September.
Highlights
- Rates differ from state to state.
- Rates depend on the incidence of VAT.
- Taxes make up for nearly two-third of the retail selling price.
New Delhi: The petrol and diesel prices remained unchanged on Sunday (November 15, 2020) as the country celebrated Diwali on Saturday. This is reportedly the 44th day without a change in the rates.
The state-run oil marketing companies held the fuel prices steady despite the recent increase in crude oil prices.
Here is a look at the price difference of diesel and petrol in four metro cities on November 15.
| CITY | PETROL | DIESEL |
| Delhi | Rs 81.06/l | Rs 70.46/l |
| Mumbai | Rs 87.74/l | Rs 76.86/l |
| Kolkata | Rs 82.59/l | Rs 73.99/l |
| Chennai | Rs 84.14/l | Rs 75.95/l |
The rates differ from state to state depending on the incidence of VAT as the taxes make up for nearly two-thirds of the retail selling price.
Earlier in September, the diesel prices saw the first reduction since mid-March when Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) froze rates for 82 days to adjust a record hike in excise duty on auto fuels against falling benchmark cost.