After the government’s move to cushion the common with some comfort with one-off excise duty cut, the fuel prices continued to spike on Tuesday with the petrol being sold at Rs 82.26 per litre in Delhi and Rs 87.73 in the national capital – an increase of Rs 0.23 from Monday.
Similarly, a litre of diesel was priced at Rs 74.11 in Delhi and Rs 77.68 in the financial capital – a spike of Rs 0.29 and Rs 0.31 respectively. On Monday, petrol crossed the psychological mark of Rs 82 in the national capital while in Mumbai, it was sold at Rs 87.50 per litre.
Petrol and diesel prices were cut by a minimum Rs 2.50 on October 5 when the government’s only second cut in excise duty of Rs 1.50 per litre and state-owned fuel retailers providing a Re 1 per litre subsidy came into effect. Read More
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