A litre of normal petrol costs about Rs 71.05 a litre in Delhi while branded petrol is priced at Rs 80. Normal diesel is priced at Rs 53.10 a litre against Rs 67.93 in case of branded diesel. Due to the difference in costs, these branded fuels are generally uneconomical for consumers. In fact, the sale of diesel at petrol pumps is negligible.
The finance ministry is likely to slash duties on branded fuels, making premium petrol cheaper by Rs 5 a litre and that of branded diesel by Rs 2 a litre. These are typically used in high-end cars.
"Our request for rationalisation of the rate of excise duty on branded diesel and petrol is being looked into by the finance ministry and the two ministries are discussing how the price of these premium fuels can be made affordable for consumers," a petroleum ministry official said.
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