New Delhi: Fuel price in Delhi and Mumbai witnessed yet another drop on Thursday. Petrol saw a decrease of 0.18 paisa and 0.16 paisa in the national capital and the maximum city, respectively. The fall in the fuel price has been witnessed for the 12th consecutive day. (Check the live Petrol And Diesel Price Here) Also Read - Man Walks 200 KMs From Delhi to Reach Madhya Pradesh But Dies in Agra
Petrol and diesel are being sold at Rs 79.37 per litre and Rs 73.78 per litre, in Delhi while, it is Rs 84.86 per litre and Rs 77.32 per litre in Mumbai. Also Read - 'Stay Wherever You Are, we Will Pay Your House Rent,' Kejriwal Urges Migrant Workers
Fuel prices have been steadily declining for over 12 days now as oil companies factored in softening of international rates. On Tuesday, petrol was being sold at Rs 79.55 per litre in Delhi after a drop of Rs 0.20 and diesel was at Rs 73.78 per litre, after a decrease of Rs 0.07. On the other hand, in Mumbai, petrol and diesel prices were Rs 85.04 per litre and Rs 77.32 per litre after a decrease of Rs 0.20 and Rs 0.08, respectively. Also Read - Coronavirus in Maharashtra: Doctor Dies of COVID-19 in Mumbai's Hinduja Hospital, His Family Members Test Positive
Earlier last week, Union Minister Dharmendra Pradhan had said last week 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.
Adding further, he claimed, “Whatever the price the international market dictates, India has to pay.”
Before the October 5 price cut, petrol in Delhi had hit an all-time high of Rs 84 per litre and diesel was at record Rs 75.45. This came down to Rs 81.50 per litre for petrol and Rs 72.95 in case of diesel. In Mumbai, petrol had hit a peak of Rs 91.34 hit on October 4 and diesel was sold at a record high of Rs 80.10.
The retail selling price of petrol and diesel is dependent on the international prices of benchmark fuel and the rupee-US dollar exchange rate. “This is because a large proportion of country’s requirement is met through imports,” an official statement added.