Petrol and diesel prices remain unchanged on Monday for the straight sixth day but there won't be any relief to the common man's pocket as the prices this month has touched 5-year high. Rates of diesel and petrol change everyday at 6 in the morning since the new policies kicked in. You can check the constant changing prices at the offcial website of Indian Oil, Iocl.com
At present, petrol in New Delhi retailing at Rs 74.63 per litre in Delhi, Rs 77.32 per litre in Kolkata, Rs 82.48 per litre in Mumbai and Rs 77.43 per litre in Chennai, according to Indian Oil Corporation. While diesel prices are at Rs 65.93 per litre, Rs 68.63 per litre, Rs 70.2 per litre and Rs 69.56 per litre.
Oil ministry had earlier this year sought a reduction in excise duty on petrol an diesel to cushion the impact rising international oil rates but Finance Minister Arun Jaitley, in his Budget presented on February 1, ignored those calls.
India has the highest retail prices of petrol and diesel among South Asian nations as taxes account for half of the pump rates.
Jaitley had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre.
Subsequent to that excise duty reduction, the Centre had asked states to also lower VAT, but just four of them - Maharashtra, Gujarat, Madhya Pradesh and Himachal Pradesh - reduced rates while others including BJP-ruled ones ignored the call.
The central government had cut excise duty by Rs 2 per litre in October 2017, when petrol price reached Rs 70.88 per litre in Delhi and diesel Rs. 59.14. Because of the reduction in excise duty, diesel prices had on October 4, 2017, come down to Rs 56.89 per litre and petrol to Rs 68.38 per litre.
Meanwhile, Union Minister for Petroleum and natural gas Dharmendra Pradhan on Sunday launched three projects, including a liquefied petroleum gas (LPG) bottling unit built at the cost of Rs 321 crore in Balasore district of Odisha.
The three projects were inaugurated near Hidigaon village on Balasore-Chandipur road in the presence of senior officials from the Indian Oil Corporation (IOCL).
The Balasore pump station initiated by Pradhan would help in supplying crude oil to five refineries of Paradip, Haldia, Barauni, Bongaigaon, and Guwahati, at Chandipur in Balasore district.
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 "Petrol, diesel prices today: Rates remain unchanged but no relief to common man")
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