Petrol-Diesel Prices Today, December 8: The last major country-wide fluctuation in fuel prices was witnessed in May when the Centre had cut the excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel. Get more India News and Business News on Zee Business.
Even though the crude oil prices in the global market have gone down below $90, the prices of petrol and diesel in India remained unchanged for many months now.
The global crude oil prices have been on a bit higher side. However, petrol, and diesel prices in India have been largely unchanged since the reduction in excise duty by the central government. The last major reduction in fuel prices was witnessed in May this year, as the Centre had slashed the excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel. The gasoline and diesel prices are revised every midnight in India depending on the global situation. Petrol now costs Rs 96.72 per litre in Delhi and Diesel is priced at Rs 89.62 per litre.
Amidst rising energy prices and inflation, the government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers battering under high fuel prices.