Petrol and diesel prices remained stable on Wednesday. The companies had reduced the price last Thursday. Then, the state-owned oil companies reduced petrol prices by 16 paise and diesel by 16 paise. Petrol is priced at Rs 90.40 in Delhi today, while diesel is priced at Rs 80.73. In Mumbai, petrol price was priced at Rs 96.83 and diesel at Rs 88.81 per litre.
According to the same cities, the price of petrol in Mumbai is 96.83 and diesel is 86.81, in Chennai it is petrol - 92.43 and diesel is 85.75, as well as petrol price in Kolkata, is 90.62, diesel is 83.61 and petrol in Delhi is 90.40 and diesel is 80.73. Even after the price rise in the international market, the prices of petrol and diesel are likely to go up due to elections in the domestic market.
According to sources, petrol and diesel prices may see a further decline before the elections. After adding excise duty, dealer commission and other things to the prices of the same petrol and diesel, its price almost doubles. If the excise duty of the Central Government and the VAT of the State Governments are removed, then the price of diesel and petrol would be around 27 rupees a litre, but both the Central or the State Government, cannot withdraw tax at any cost.