The global crude oil prices have been on a bit higher side. However, petrol, and diesel prices in India have been largely unchanged since the reduction in excise duty by the central government. The last major reduction in fuel prices was witnessed in May this year, as the Centre had slashed the excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel. The gasoline and diesel prices are revised every midnight in India depending on the global situation. Petrol now costs Rs 96.72 per litre in Delhi and Diesel is priced at Rs 89.62 per litre.
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