In 13 straight cuts, petrol price has been reduced by Rs 3.28 per litre and diesel by Rs 1.84 a litre in Delhi.
Prices
of the key transportation fuels - petrol and diesel - were cut for
the 13th straight day on Tuesday over softening international oil
prices.
Petrol
price is down 20 paise per litre in major cities.
In
New Delhi, petrol now costs Rs 79.55 a litre against Monday's rate of
Rs 79.75.
According
to a price notification issued by state-owned oil firms, petrol is
now being retailed at Rs 85.04 in Mumbai, Rs 82.65 in Chennai and Rs
81.43 in Kolkata.
In
13 straight cuts, petrol price has been reduced by Rs 3.28 per litre
and diesel by Rs 1.84 a litre in Delhi.
In
tandem with petrol,
diesel prices is down by around 7 and 8 paise in major cities.
The price of diesel in Mumbai is down at Rs 77.32 per litre.
Similarly,
prices of diesel in Delhi, Kolkata and Chennai declined to Rs 73.78,
Rs 75.63 and Rs 78.0 a litre respectively.
The
consecutive cuts in fuel
prices come on the back of falling international oil prices and
appreciation in rupee.
Before
fuel rates started falling on October 18, petrol and diesel prices
had touched unprecedented levels across the country.
While
petrol touched a record high of Rs 84 per litre, diesel prices went
up to Rs 75.45 a litre in Delhi on October 4. On that day, the
government decided to cut excise duty on petrol and diesel by Rs 1.50
per litre each and asked state-owned fuel retailers to subsidise by
another Re 1 a litre by reducing their margins.
But
as the international oil prices continued to rise, the price of
petrol and diesel in Delhi increased to Rs 82.83 per litre and Rs
75.69 per litre by October 16. But beginning October 18,
international oil prices have been falling and the rupee has also
appreciated.
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