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Govt’s big move to control inflation: Biggest excise duty cut, more LPG & fertilizer subsidy | know city-wise rates here

By Ruchi Upadhyay 
Updated Date
Govt’s big move to control inflation: Biggest excise duty cut, more LPG & fertilizer subsidy | know city-wise rates here

New Delhi: In a major move by the Center to control rising inflation, the Modi-led government announced an excise duty of Rs 8 on petrol and Rs 6 on diesel. With this, petrol has become cheaper by Rs 9.50 and diesel by Rs 7 per liter. The new price of petrol and diesel has also come into effect. On Sunday, petrol and diesel are being available at a new rate. Apart from this, the government of many states has also reduced VAT, which has brought some more relief.

Also Read :- Petrol, Diesel prices remain unchanged for 17 consecutive days | Check rate list

Also, the government will give ₹ 200 per cylinder subsidy to Ujjwala Yojana beneficiaries for 12 cylinders in a year to help ease some of the burden arising from cooking gas rates rising to record levels.

Let us tell you that earlier from March 22 to April 6, the price of petrol and diesel had increased by Rs 10, but from April 6, these prices were stable. There has been a change in the prices of petrol and diesel after 46 days. Let us know what is the price of petrol and diesel in all the states of the country from Delhi to MP on Sunday?

Petrol, Diesel Price Today: Check the latest rates in your city on May 22
City Petrol Price (per litre) Diesel Price (per litre)
New Delhi Rs 96.72 Rs 89.62
Mumbai Rs 111.35 Rs 97.28
Chennai Rs 102.65 Rs 94.24
Kolkata Rs 106.03 Rs 92.76
Bengaluru Rs 101.94 Rs 87.89
Gurugram Rs 97.81 Rs 90.05
Ahmedabad Rs 96.30 Rs 92.43

Diesel Price Today
City Diesel Price Today Diesel Price Yesterday
New Delh Rs 89.62 Rs 96.67
Kolkata Rs 92.76 Rs 99.83
Mumbai Rs 97.28 Rs 104.77
Chennai Rs 94.24 Rs 100.94
Gurugram Rs 90.05 Rs 96.91
Noida Rs 90.14 Rs 97.15
Bengaluru Rs 87.89 Rs 94.79
Bhubaneshwar Rs 94.76 Rs 102.23
Chandigarh Rs 84.26 Rs 90.83
Hyderabad Rs 97.82 Rs 105.49
Jaipur Rs 93.72 Rs 100.92
Lucknow Rs 89.76 Rs 96.70
Patna Rs 94.04 Rs 101.55
Thiruvananthapuram Rs 96.26 Rs 103.95

Also Read :- Fuel on fire: Petrol price in Mumbai reaches record high; Check rates in metro cities

The latest tax cut by the government is an attempt to control high inflation in the country. According to official data, wholesale price inflation (WPI) for April was at a record high of 15.08 per cent. Retail inflation, on the other hand, was at an eight-year high of 7.79 per cent.

Check more city-wise rates:
Petrol prices:
Bangalore ₹ 111.07
Bhopal ₹ 118.12
Chandigarh ₹ 104.73
Ghaziabad ₹ 105.23
Mysore ₹ 110.59
Noida ₹ 105.45
Pune ₹ 119.95
Trivandrum ₹ 107.44
Jaipur ₹108.48

PM Modi appealed to the state governments

A few months ago, on the rising prices of petrol and diesel in the country, the Central Government had reduced the excise duty by a record amount of ₹ 5 and ₹ 10 per liter respectively. With this announcement, Prime Minister Narendra Modi had asked the state governments to reduce VAT. He had said, the central government has reduced the excise duty on the prices of petrol and diesel, due to which the prices of oil have come down. He said, I request the state governments that they should also reduce the tax so that the public gets a huge relief. Further he added I am not criticizing anyone but the governments of Maharashtra, West Bengal, Kerala, Tamil Nadu, Andhra Pradesh are requested to reduce VAT so that the public can benefit.

During this, Uttarakhand had announced a reduction of Rs 2 per liter in VAT on petrol in the state. Along with this, the price of petrol in Uttarakhand was reduced by Rs 7 per liter.

Also Read :- Petrol, diesel prices go up again after day's gap, total hike ₹ 7.20 in 12 days | Check fuel rates here

The Karnataka government announced that it is going to reduce VAT by Rs 7 per liter on both petrol and diesel prices from November 4. Chief Minister Basavaraj Bommai made this announcement on his official handle on Twitter.

The Haryana government had also reduced VAT on fuel prices in the state.

The Assam government had also announced a reduction of Rs 7 per liter in VAT on petrol and diesel in line with the reduction in excise duty by the central government.

The Uttar Pradesh government had said that the prices of diesel and petrol in the state would be reduced by Rs 12 per liter.

After the announcement of other states, Manipur government also announced to reduce VAT on petrol and diesel by Rs 7 with immediate effect.

Also Read :- Fuel prices hiked again for fifth time in six days; Check new rates here
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