Strengthening rupee and weakening global crude oil prices have once again brought respite to daily commuters in India. Fuel pries have been slashed for 13th consecutive day today.
Petrol prices have been cut by Rs 0.20 in Delhi and Mumbai, bring down rate to Rs 79.55 per litre in Delhi and Rs 85.04 per litre in Mumbai.
Diesel prices have been cut by Rs 0.07 in Delhi and Rs 0.08 in Mumbai. The retail prices for the diesel has reached Rs 73.78 per litre (Delhi) and Rs 77.32 per litre in Mumbai.
The rates are off their record high of Rs 84 per litre for petrol and Rs 75.45 a litre for diesel touched 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. Read more
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