Fuel prices on 24 May: Check petrol, diesel rates in Bhubaneswar & Cuttack today

The prices of petrol and diesel remained unchanged in the twin cities of Bhubaneswar and Cuttack since the last revision on Saturday when the Centre announced a big cut in the excise duty.

Customers are reportedly paying Rs 103.18 per litre of petrol in the capital city of Bhubaneswar today while diesel is available at Rs 94.75 a litre.

Similarly, petrol and diesel are sold at Rs 103.71 and Rs 95.25 per litre respectively in Silver city.

Finance Minister Nirmala Sitharaman on Saturday had announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel 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.

Meanwhile, Maharashtra, Rajasthan and Kerala have also decreased VAT on petrol and diesel after Sitharaman's call to provide further relief to consumers.

Notably, India meets 80 per cent of its oil needs through imports. Retail rates are adjusted according to the global movement in crude prices.