Modi government quoted oil bonds as the reason for not cutting the high fuel prices. UPA government issued oil bonds to compensate the losses of Oil Marketing Companies. The excise collected on fuel unfolds a different story altogether.
Petrol and Diesel Price Today in India: Petrol prices were dropped to Rs 99.47 per litre in Chennai on Saturday, while fuel rates in other three metro cities remained unchanged for the 28th straight day.
In the national capital, petrol prices were steady at Rs 101.84 per litre and diesel rates were unchanged at Rs 89.87 per litre, according to the Indian Oil Corporation
In the national capital, petrol prices were steady at Rs 101.84 per litre and diesel rates were unchanged at Rs 89.87 per litre, according to the Indian Oil Corporation