New Delhi: Providing some relief to consumers, battered by two months of relentless rate hikes, fuel prices witnessed a fresh reduction on Sunday with petrol being sold at Rs 80.05 per litre (decrease by Rs 0.40) in national capital and Rs 85.54 (decrease by Rs 0.39) in Mumbai. Meanwhile, diesel prices also witnessed a decline of 0.33 paise in Delhi and 0.39 paise in Mumbai to retail at Rs 74.05 per litre and Rs 77.61 per litre respectively. Also Read - Amitabh Bachchan Contributes Rs 2 Crore Towards Covid-19 Care Facility in The Capital
Fuel prices have been declining since Thursday as oil companies factored in softening of international rates. On Friday, it was reported that petrol price has been cut by nearly Rs 2 per litre and diesel by Re 1 a litre in the last eight days on the back of softer international rates. (Check the live Petrol and Diesel Price Here) Also Read - Delhi CM Kejriwal Urges Centre For Increase in Monthly Vaccine Supplies During May to July
Union Minister Dharmendra Pradhan had yesterday said that crude prices are not under the control of the Indian government and are determined by international forces. Also Read - Delhiites Want Lockdown To Be Extended By 2 More Weeks; CM Kejriwal Likely To Take Final Call Today
“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,” said the minister. Whatever the price the international market dictates, India has to pay,” the Minister for Petroleum said, addressing delegates at the Bharatiya Janata Yuva Morch (BJYM) national convention.
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.