According to a rate announcement issued by state-run oil companies on September 15, petrol and diesel prices remained steady for the ninth consecutive day. The price of petrol in Delhi was recently reduced to Rs 101.19 per litre and the price of diesel to Rs 88.62 per litre.
On September 15, prices in the national capital remained unchanged.
The GST Council may discuss taxing petrol, diesel, and other petroleum goods under a unified national GST system on Friday, a move that could necessitate major concessions from both the federal and state governments on the money collected from these taxes.
This occurs at a time when fuel prices are at an all-time high, putting consumers at a disadvantage. There has been a push to include fuels within the GST framework, which is projected to lower prices dramatically.
Fuel prices in Mumbai followed a similar pattern. The price of petrol remained constant at Rs 107.26 per litre. On May 29, the financial hub became the first city in the country to sell petrol for more than Rs 100 per litre.
In Maharashtra's capital, the price of diesel remained unchanged at Rs 96.19 a litre.
In Kolkata, too, the gasoline rates remained steady, with a litre of petrol and diesel costing Rs 101.62 and Rs 91.71, respectively.
A litre of petrol was also sold in Chennai for the same price - Rs 98.96. In Tamil Nadu's capital, the price of diesel remained steady at Rs 93.26 per litre.
Following the US Federal Reserve's announcement that it will begin decreasing asset purchases within months, international oil prices plummeted to their lowest level since May, hitting commodities and raising the currency.
India is over 85% reliant on imports to meet its oil needs, hence local fuel prices are based on worldwide oil prices.