State-run fuel retailers on Friday decided to raise diesel price by 45 paise a litre, excluding state tax, from Saturday in line with the government’s January decision to ramp up prices in small doses every month till pump prices align with the market.
This is the third increase in the price of diesel this year and follows a reduction of Rs.2 a litre, excluding VAT, in petrol price announced on March 16. The actual increase in diesel price would be higher by a few paise due to the incremental increase in VAT.
In Mumbai, diesel price would go up by 57 paisa a litre after including local sales tax,or VAT, to Rs.54.83 from Rs.54.26.
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