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No Changes in Petrol and Diesel price on Feb 8

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            Petrol and fuel prices in major cities stayed unchanged on February 8. On Tuesday, the state-run oil marketing corporations (OMCs) maintained domestic fuel prices steady.

Petrol prices in India’s capital state, Delhi, were Rs 95.41 per litre, while diesel prices were Rs 86.67 per litre, both below the Rs 100 level.

The price of gasoline has not changed in the previous three months. The Delhi government has decreased the value-added tax on gasoline from 30% to 19.40%.

Petrol prices in Mumbai were Rs 109.98 per litre, while diesel prices were Rs 94.14 per litre, the highest of the four metro cities.

In Chennai, however, petrol and diesel were priced at Rs 101.40 and Rs 91.43 per litre, respectively.

In Kolkata, a litre of petrol costs Rs 104.67, while a litre of diesel costs Rs 89.79.

Petrol and diesel prices in India are determined by a variety of factors such as fuel demand, the value of the Indian rupee against the US dollar, the consumption ratio of refineries, and others. Furthermore, gasoline prices vary by state owing to value-added tax (VAT) and freight expenses.

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