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How petrol and diesel prices have fluctuated in the last five years See chart

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New Delhi: Petrol and diesel prices remained at over 55-month high on Thursday, amidst continuous calls for a cut in excise duty to ease the burden on consumers.

Petrol in the national capital now costs Rs 74.63 a litre, the highest since September 14, 2013, when  rates had hit Rs 76.06. Diesel price remains at Rs 65.93, the highest ever.

The central government levies Rs 19.48 a litre of excise duty on petrol and Rs 15.33 per litre on diesel. State sales tax or VAT vary from state to state. In Delhi, VAT on petrol is Rs 15.84 and Rs 9.68 a litre on diesel.

While the government is hoping that geopolitical tension would ease and US shale oil would help ease oil prices, it is not in favour of tinkering with the autonomy given to oil PSUs to revise rates daily in line with the cost.

State-owned oil companies in June 2017, dumped the 15-year old practice of revising rates on 1st and 16th of every month and instead adopted a dynamic daily price revision to instantly reflect changes in cost.

Here's looking at how both petrol and diesel prices have fluctuated in the last five years

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