After remaining unchanged on Wednesday, petrol prices have been cut for two consecutive days in Delhi, Mumbai, Chennai and Kolkata.
Oil
marketing companies on Friday reduced petrol
and diesel prices across the country. While petrol prices were
cut by around 18 paise, diesel prices have been reduced by 14 paise.
According
to the revised prices issued by Indian Oil, petrol now costs Rs 79.18
in Delhi, Rs 84.68 in Mumbai, Rs 81.08 in Kolkata and Rs 82.26 in
Chennai.
After
the revision, diesel price has fallen below Rs 78-mark in Chennai.
The fuel is being retailed at 77.85 per litre in the city.
In
Delhi, Mumbai and Kolkata, diesel now costs Rs 73.64, Rs 77.18 and Rs
75.50, respectively.
Fuel
prices are on a downslide since the last few weeks.
After
remaining unchanged for a day on Wednesday, petrol prices were
reduced by 18 paise across major cities.
The
consecutive cuts in fuel
prices came after petrol and diesel prices touched record high
levels across the country.
On
October 4, petrol had surged to a record high of Rs 84 and diesel had
gone up to Rs 75.45 in Delhi.
However,
LPG price has continued to surge.
From
Thursday, price of non-subsidised LPG cooking gas has gone up by Rs
60 per cylinder in New Delhi and that of subsidised one by a marginal
Rs 2.94.
Effectively,
the price of a subsidised cylinder will increase to Rs 505.34 from
November 1 from Rs 502.40 per cylinder in October.
According
to the Indian Oil Corporation, the increase in prices of
non-subsidised LPG cylinder is mainly due to changes in international
prices and foreign exchange fluctuations.
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