The petrol and diesel prices remained mostly unchanged on May 31 in Odisha including the capital city of Bhubaneswar and Cuttack.
With the Centre announcing an excise duty cut on petrol by a record Rs 8 per litre and on diesel by Rs 6 per litre, customers are reportedly paying Rs 103.47 per litre of petrol in the capital city of Bhubaneswar today while diesel is available at Rs 95.03 a litre.
Similarly, petrol and diesel are sold at Rs 103.78 and Rs 95.33 per litre respectively in Cuttack.
As per a fuel rate chart, petrol is being sold at the highest price of Rs 108.91 in Malkangiri. In Ganjam, petrol costs Rs 104.18 a litre and Rs 103.58 in Sambalpur. Similarly, the rate of petrol is 103.97 in Bhadrak and Rs 108.23 in Koraput.
The Centre on May 21 had announced a cut in excise duty on fuel to ease the burden of the common man.
The move came after the government's inflation management was criticised by opposition parties and economists. A rise in price across all items from fuel to vegetables and cooking oil pushed WPI or wholesale price inflation to a record high of 15.08 per cent in April and retail inflation to a nearly eight-year high of 7.79 per cent.
Notably, India meets 80 per cent of its oil needs through imports. Retail rates are adjusted according to the global movement in crude prices.