Petrol and diesel prices remained unchanged on Sunday, November 7 across the four metro cities. Fuel prices have remained steady since November 4 when government had slashed excise duty on both petrol and diesel by ₹ 5 and ₹ 10 respectively.
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In the national capital, petrol is being sold for ₹ 103.97, while diesel rate is ₹ 86.67, according to Indian Oil Corporation. In Mumbai, petrol is retailed at ₹ 109.98 per litre while diesel is being sold at ₹ 94.14 per litre.
Despite the reduction in prices, petrol and diesel rates are still above the ₹ 100 per litre mark across the country, while among the four metros, they are the costliest in Mumbai. The move to cut excise duty on fuel prices is likely to cost the government ₹ 1.4 lakh crore annually.