Petrol prices cut by Re 1 per litre in West Bengal; check revised rates here

Petrol and diesel have been rising in the country lately. However, West Bengal has broken the trend. The government on Sunday announced a reduction in tax by Re 1 per litre on petrol and diesel in the state. This move by the state Finance Minister Amit Mitra will provide some respite to the people of the state.

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As per a report by india.com, petrol price in Kolkata was recorded at Rs 91.78 per litre and diesel at Rs 84.56 per litre on Sunday, February 21. The relaxation in the petrol price in the state has been made effective from midnight of February 21.

Fuel prices have been skyrocketing now for almost two weeks across the country. The common people have been adversely affected due to the relentless rise in fuel prices. The hike comes in line with the global oil market remaining stable but firm.

In the nation's capital, petrol price is Rs 90.58 per litre and diesel is being priced at Rs 80.97 per litre. Again, in Mumbai, petrol price is just Rs 3 away (Rs 97 per litre) from Rs 100 and diesel is being sold for Rs 88.06 per litre there.

According to the india.com report, executives from oil companies stated that there are chances that the fuel prices may rise in the coming days in order to balance the retail prices with global developments so that OMCs do not incur losses on the auto fuels.