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Fuel Prices Continue to Decline; Petrol at Rs 78.42 Per Litre in Delhi, Rs 83.92 Per Litre in Mumbai
Petrol price had touched a record high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai on October 4.
New Delhi: In yet another relief to consumers, petrol price in Delhi and Mumbai witnessed a decrease of Rs 0.14 on Tuesday while, diesel price saw a fall of Rs 0.9 and Rs 0.10 in both the cities respectively. Following the rate cut, petrol and diesel are being sold at Rs 78.42 per litre and Rs 73.07 per litre in Delhi and at Rs 83.92 per litre and Rs 76.57 per litre in Mumbai. Fuel prices had earlier witnessed a relentless hike in the country, burning a hole in the common commuter’s pocket.
On Sunday, it was reported that Petrol price saw a decrease of Rs 4 per litre while diesel witnessed a drop of Rs 2.33 a litre in the last eighteen days, following softer international rates. (Check the live Petrol And Diesel Price Here)
Last week, Union Minister Dharmendra Pradhan had said that crude prices were not under the control of the Indian government and were determined by international forces. “Oil prices are beyond the control of the Indian Government. It is an international commodity. We promised to the people of this country that we will not push our country into indebtedness. That is the reason we took some burden on us,” he said.
Between August 16 and October 4, petrol price was hiked by Rs 6.86 per litre and diesel by Rs 6.73. Petrol price had touched a record high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai 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 the price by another Re 1 a litre by reducing their margins. Subsequent to this, the petrol price came down to Rs 81.50 per litre in Delhi and diesel to Rs 72.95 a litre on October 5. In Mumbai, rates fell to Rs 86.97 per litre for petrol and Rs 77.45 in case of diesel.