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Gas And Diesel Prices Today November 5, 2021: Fuel Prices Remain Unchanged

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Fuel rates stayed unchanged on November 5, 2021Petrol, Diesel Cost Today: Fuel costs remained the same on Friday, November 5 throughout the country, a day after the government had slashed import tax responsibility on petrol and diesel to bring their rates slightly below record high levels.Government had actually revealed import tax duty cut on fuel and diesel rates on Diwali eve by Rs 5 and Rs 10 respectively.In the nationwide capital, gas is being cost Rs 103.97, while diesel rate is Rs 86.67, according to Indian Oil Corporation.

In Mumbai, fuel is selling at Rs 109.98 per litre while diesel is being sold at Rs 94.14 per litre.Despite the reduction in costs, petrol and diesel rates are still above the Rs 100 per litre mark throughout the nation, while among the four metros, they are the costliest in Mumbai.The relocation to cut import tax task on fuel costs is most likely to cost the federal government Rs 1.4 lakh crore annually.Also Read: Fuel, Diesel Costs Cut Prior To Diwali, Federal Government Minimizes Import tax DutyFuel rates vary across the states due to value-added tax or VAT.

Following the Centre's decision to cut import tax responsibility, several states, particularly those ruled by the BJP, had actually revealed decrease in barrel on fuel prices.Here Are The Gas And Diesel Rates Throughout Metro Cities: State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the crude oil rates in the international markets, and the rupee-dollar exchange rates.

Any changes in fuel and diesel rates are executed with impact from 6 am every day.




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