New Delhi: The petrol and diesel price continued to fall on Friday. While the former witnessed a decrease of Rs 0.18 paisa in Delhi and Mumbai, the rate of the latter dropped by Rs 0.16 and Rs 0.17 in both the cities, respectively. The downward trend comes for the continuous 26th day following a relentless hike in fuel prices across the country since months. (Check the live Petrol And Diesel Price Here)
Following the rate cut, the petrol in Delhi costs Rs 77.10 per litre on Friday, while it is Rs 82.62 per litre in Mumbai. On the other hand, the diesel is being sold at Rs 71.93 per litre in the national capital, whereas it is Rs 75.36 in the maximum city.
Earlier on Thursday, the petrol and diesel were being sold at Rs 77.28 per litre and Rs 72.09 per litre in Delhi and Mumbai, respectively.
In comparison to Wednesday, the petrol and diesel prices witnessed a decrease of Rs 0.15 and Rs 0.10, respectively in New Delhi on November 15, On the other hand, the petrol prices slipped to Rs 82.80 per litre (decrease by Rs 0.14) while diesel saw a fall of Rs 0.11 and is now being retailed at Rs 75.53, in Mumbai.
The rates of the fuel across India have been slashing due to the slip in the prices of crude oil prices. The United States recently softened its stand on Iran’s sanctions and given nod to eight oil countries to continue to import oil from Tehran temporarily. The list includes India, China, South Korea, Japan, Turkey, Italy, the United Arab Emirates and Taiwan.
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 after which, the government announced to cut excise duty on petrol and diesel by Rs 1.50 per litre each.