Petrol, diesel price today, November 5: Fuel rates ease, yet too high

Petrol and diesel rates across the country continued to come down on Friday as more state governments joined the Centre in slashing the taxes on fuel, providing consumers with a major relief in the festive season. However, petrol continues to cost over Rs 100 in metropolitan areas.

The price of a litre of petrol in the national capital New Delhi stands at Rs 103.97 whereas the price of diesel is Rs 86.67 per litre. In Mumbai, petrol now costs Rs 109.98 per litre while diesel costs Rs 94.14 a litre. In Chennai, petrol is available for Rs 101.40 on Friday while the rate for diesel is Rs 91.43 per litre.

Let's take a look at the petrol and diesel prices in cities across India on November 5.

Thiruvananthapuram

Petrol: Rs 106.36 per litre
Diesel: Rs 93.47 per litre

Kolkata

Petrol: Rs 104.67 per litre
Diesel: Rs 89.79 per litre

Bangaluru

Petrol: Rs 100.58 per litre
Diesel: Rs 85.01 per litre

Bhopal

Petrol: Rs 107.23 per litre
Diesel: Rs 90.87 per litre

Hyderabad

Petrol: Rs 108.20 per litre
Diesel: Rs 94.62 per litre

Guwahati

Petrol: Rs 94.58 per litre
Diesel: Rs 81.29 per litre

Lucknow

Petrol: Rs 95.28 per litre
Diesel: Rs 86.80 per litre

Mumbai

Petrol: Rs 109.98 per litre
Diesel: Rs 94.14 per litre

Delhi

Petrol: Rs 103.97 per litre
Diesel: Rs 86.67 per litre

Chennai

Petrol: Rs 101.40 per litre
Diesel: Rs 91.43 per litre

The Centre's announcement to slash the central excise duty on petrol and diesel by Rs 5 and Rs 10 respectively and the decision by many state governments to follow suit by reducing the value-added tax at their end has seen fuel rates fall drastically after they soared to record highs in recent months. The government blamed the global upsurge in crude oil prices as the reason behind the fuel price hike. The government hopes that with the reduction in excise duty on petrol and diesel, the inflationary pressure will reduce and boost consumption, thereby helping the poor and middle classes.