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Petrol price falls below 76/litre mark in Mumbai,down by Rs 12 in 2 months diesel also becomes cheaper.

Petrol Diesel Price Rate Today: In Mumbai, petrol prices fell below the Rs 76 mark to Rs 75.89 after today's correction and diesel is retailing at Rs 67.17 as against Rs 67.39 yesterday


NEW DELHI: Petrol will cost only Rs. 34.04 per litre and diesel Rs. 38.67 per litre without taxes and dealer's commission in the national capital region. Giving details of the prices of petroleum products as on December 19 in a written reply to the Lok Sabha, Minister of State for Finance Shiv Pratap Shukla said the incidence of taxes and dealers commissions work out to be 96.9 per cent in case of petrol and 60.3 per cent for diesel.

On December 19, the retail price of petrol was Rs. 70.63 a litre. This included Rs. 17.98 central excise duty, Rs. 15.02 state VAT and Rs. 3.59 commission of dealer. In the case of diesel, the retail price was Rs. 64.54 (central excise duty of Rs. 13.83, state VAT of Rs. 9.51 and dealer commission of Rs. 2.53).

In Mumbai, petrol prices fell below the Rs 76 mark to Rs 75.89 after today's correction and diesel are retailing at Rs 67.17 as against Rs 67.39 yesterday, according to data available on Indian Oil Corporation website.

In Chennai and Kolkata, petrol is retailing at Rs 72.91 and Rs 72.36 respectively as compared to Rs 73.11 and Rs 72.55 the day before. Diesel in these cities was priced at Rs 67.77 and Rs 65.95 respectively. In November, oil imports from Iran also declined to their lowest level in a year as purchases were curbed after reimposition of US sanctions on Iran.

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