Diesel is 40 paise cheaper in the last two days. According to the latest data from the Indian Oil Corporation, the price of diesel in Delhi and Mumbai on Thursday was set at 20 paise. Diesel’s new price in Mumbai is Rs 97.04 per liter and Rs 89.47 in Delhi.
Diesel prices have been cut by 18 paise in Chennai and the new price is Rs 94.02 per liter. Speaking of Kolkata, diesel is 25 paise cheaper. Now, the price of a liter of diesel is Rs 92.57 per liter. On Wednesday, diesel prices were reduced by 20 paise.
No change in petrol: However, there has been no change in the price of petrol. Petrol prices have been stable for the past 32 days. Starting July 17, the retail price of a liter of petrol in the national capital Delhi will be Rs 101.84 per liter. The price of a liter of petrol in Mumbai, Chennai and Kolkata is Rs. 107.83, Rs.99.47 and Rs. 102.08.
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Let me tell you that petrol and diesel prices are the highest in the country. Recently, Finance Minister Nirmala Sitharaman had ruled out the possibility of higher compensation for petrol and diesel. “We are not in a position to cut excise duties. Our hands are tied,” he said. The Finance Minister had said that the state and the central government should find some way to do this.
According to Nirmala Sitharaman, oil bonds are an added burden to the coffers. In the last five years, the government has paid only Rs 70,195.72 crore as interest on oil bonds.