Summary:
Diesel price at ? 64.58 is the highest ever, with previous high of ? 64.22 being on February 7, 2018. The October 2017 excise duty cutThe Central government had cut excise duty by ? 2 per litre in October 2017, when petrol price reached ? 70.88 per litre in Delhi and diesel ?. Because of the reduction in excise duty, diesel prices had on October 4, 2017 come down to ? 56.89 per litre and petrol to ? 68.38 per litre. more-inPetrol price on Sunday hit a four-year high of ? 73.73 a litre while diesel rates touched an all-time high of ? 64.58 in the national capital, renewing calls for the government to cut excise tax rates. The October 2017 excise duty cut cost the government ? 26,000 crore in annual revenue and about ? 13,000 crore during the remaining part of the current fiscal year..