With the revision, excise duty on petrol now stands at ₹13 per litre, while diesel attracts ₹10 per litre.
At last, the central government decided to curb the fuel prices and announced a cut of ₹2.5 in the fuel prices yesterday.
As per a government official, neither the Centre nor some States are interested to reduce taxes on fuel in the near future.
On Thursday, petrol prices fell for the ninth day in a row. Indian Oil, the largest oil retailer in India, reduced petrol prices by
Dharmendra Pradhan, the Minister of Petroleum and Natural Gas, has said that the Center is sensitive toward the rising fuel prices.