SME Times News Bureau | 01 Aug, 2020
A day after a hefty Rs 8.38 per litre cut in diesel prices in the
national capital due to VAT reduction, the oil marketing companies again
went on a pause mode to keep auto fuel prices unchanged across the
country on Saturday.
Accordingly, diesel continues to be priced at Rs 73.56 a litre in Delhi while petrol price remains static at Rs 80.43 a litre.
Across
the metros, petrol and diesel prices are keeping steady for the past
five days as pump prices of auto fuels have not been changed.
On
Friday, diesel prices fell by a sharp Rs 8.38 a litre following Delhi
government's decision to reduce VAT on the product from 30 per cent to
16.75 p er cent.
The price cut has again made diesel cheaper than
petrol in the city after more than a month. In fact, diesel is cheaper
than petrol in Delhi by the widest margin among all metros now.
Delhi
was the only major city in the country where diesel prices were higher
than petrol. Diesel prices first rose above petrol's in Delhi last
month, much to the discomfort of the transport sector and the fuel
dealers.
The Rs 1.5 a litre difference had led to substantial
loss of business for pump operators in Delhi as vehicle owners preferred
to buy diesel in neighbouring Haryana and Uttar Pradesh.
