After a long wait, fuel prices have been decreasing steadily in a spectrum of 1 paise per litre, gradually reaching up to 22 paise a litre.
Prices of the petrol and diesel have decreased by 21-22 paise per litre and 15-16 paise per litre respectively in, Kolkata, Delhi, Mumbai and Chennai preceding the early days.
In Delhi, revised petrol prices are Rs 77.42 a litre, and diesel costs Rs 68.58 per litre. Now the consumer can see that the price is falling down in the range of 1 paise per litr, to 21-22 paise a litre on Friday.
New petrol prices in other metro cities are – Rs 80.07 a litre in Kolkata, Rs 85.24 per litre in Mumbai and Rs 80.37 in Chennai.
Before May 30, fuel prices had seen increased heavily. central and state government levies on petrol and diesel, increasing the burden on customers, The central government levies a tax duty of Rs 19.48 a litre on petrol and Rs 15.33 per litre on diesel, while states government collects sales tax and VAT over 26% to 47% of the fuel cost.
Oil minister, Dharmendra Pradhan requested state governments not to hamper from rising crude oil prices, and acquire a reasonable value of tax from fuel.