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Petrol, diesel prices today on December 29: Check rates in Mumbai, Delhi, other cities

To help consumers suffering from record-high fuel prices, the government reduced excise duty on petrol and diesel by Rs 5 per Liter on November 3.

According to state-owned fuel retailers, diesel and petrol prices were unchanged on December 29. After the Centre’s highest ever excise duty reduction, the fuel rates remain static to reduce retail prices.

On November 3, the government reduced petrol’s duty by Rs 5 per-litre, and diesel’s by Rs 10 per-litre. To provide further relief for consumers, many states and territories reduced local sales tax or value added tax (VAT).

Delhi is the latest to join the list. It reduced the VAT on petrol by 30% to 19.4 percent starting December 1, midnight. This lowered the price of petrol by Rs 8 per litre to Rs 95.41 per. The rate was unchanged on December 29. The diesel price in Delhi remained the same at Rs. 86.67 per Liter.

Mumbai’s November 4 decline in petrol prices had pushed the price to Rs 109.98 per litre. This was unchanged for the rest of the day. Diesel prices remained stable at Rs 94.14 a litre.