Petrol, diesel prices on December 7

Petrol and diesel prices remained static on December 7, according to a price notification of state-owned fuel retailers. The fuel rates have been unchanged after the excise duty cut by the Centre to bring down retail rates from record highs.

The government cut excise duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre on November 3 to give relief to consumers battered by record-high retail fuel prices. Following this, many states and union territories have cut value-added tax (VAT) to give further reprieve to consumers battered by record-high retail prices.