In a double bonanza for Mumbaikars, petrol pricedropped to the lowest since January this year and diesel price finally fell below the Rs 70-mark. On Monday, petrol was retailed at Rs 77.50 a litre on Monday and diesel at Rs 69.77, bringing relief to motorists and transporters.
This was in sharp contrast to the highest price of Rs 91.34 per litre for petrol and Rs 80.10 for diesel two months back—on October 4.
“It is a great news,” said Andheri resident Ashish Dutta, who drives to his south Mumbai office daily. “I have been spending at least Rs 500 extra on fuel to reach my workplace.” Several motorists had complained that they had to spend at least Rs 300 extra for the huge hike in fuel rates in September-November.
“Even transporters had threatened to strike if diesel rates did not drop,” said a transport expert, adding that the recent dip could be due to the ongoing elections in other states.Read More
Latest posts by The Times Of India (see all)
- NSE issues notices to IL&FS Group firms, others for non-compliance with listing norms - December 11, 2018
- GMR Infra arm raises Rs 225.6 cr in debt - December 11, 2018
- Power cost: Tata power writes to Punjab to amend PPA - December 11, 2018