Petrol and diesel prices remained unchanged for more than 100 days on February 28, according to state-owned fuel retailers.
The last rate cut was in Delhi when it reduced the local sales tax, or the value-added tax (VAT), on petrol from 30 to 19.4 percent from December 1 midnight, bringing down the price by around Rs 8 to Rs 95.41 per litre. Diesel price remains unchanged in the national capital at Rs 86.67 a litre.
Nagaland had decreased the tax on petrol from 29.80 to 25 percent per litre, resulting in a saving of Rs 2.22.
Diesel tax rates were also reduced from Rs 11.08 to Rs 10.51 per litre. Other states such as West Bengal, Rajasthan, Assam, and Meghalaya had also slashed their petrol and diesel rates.
Complete News Source : Money Control
