The retail prices of fuel have maintained stability in Odisha on Tuesday. The petrol and diesel prices remained mostly unchanged in the capital city of Bhubaneswar and Cuttack.
Customers are reportedly paying Rs 103.1 per litre of petrol in the capital city of Bhubaneswar today while the selling price of diesel is Rs 94.58 a litre.
Similarly, petrol and diesel are being sold at Rs 103.58 and Rs 95.13 per litre respectively in Cuttack.
As per the fuel rate chart, the price of petrol remains at Rs 104.11 in Ganjam and petrol is being sold at Rs 109.20 in Malkangiri. Similarly, in Sambalpur the petroleum product is priced at Rs 103.75. Meanwhile, the rate of petrol is Rs 103.75 in Bhadrak and Rs 107.72 in Koraput.
Lending support to the Union government's pitch for states to reduce sales tax (VAT) on petrol and diesel, Reserve Bank of India (RBI) Governor Shaktikanta Das on June 8 said a cut in VAT on fuel will help soften inflationary pressures as well as expectations.
The central government had on May 21 cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 to give relief to consumers battered by high fuel prices that have also pushed inflation to an all-time high. At that time, it asked states to lower VAT to further provide relief. Almost no state reduced VAT.