New Delhi: Petrol price in Delhi and Mumbai witnessed a decrease of Rs 0.16 on Sunday, while diesel price saw a fall of Rs 0.12 and Rs 0.13 in both the cities respectively. With the decrease in the fuel prices, petrol is available at Rs 77.73 per litre in Delhi and Rs 83.24 per litre in Mumbai. On the other hand, diesel is being sold at Rs 72.46 per litre in the national capital and Rs 75.92 per litre in Mumbai. (Check the live Petrol and Diesel Price Here)
On Saturday, petrol was sold at Rs 77.89 per litre in Delhi and Rs 83.40 per litre in Mumbai while diesel was retailed at Rs 72.58 per litre and Rs 76.05 per litre in both the cities respectively. Prices vary from region to region due to local taxes, as the products are excluded from the GST regime. Delhi has the lowest tax rate among the four metros.
Earlier, fuel prices had witnessed a relentless hike in the country, burning a hole in the common commuter’s pocket but the rates have been reducing for around 20 days now on the back of multiple factors such as lower international crude oil cost and a recovery in the rupee against the US dollar.
Petrol in Delhi had hit an all-time high of Rs 84 per litre and diesel was at record Rs 75.45. 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. On that day,Narendra Modi-led government announced a cut in excise duty by Rs 1.50 a litre. Additionally, the state-owned oil marketing companies had been mandated to reduce the prices of petrol and diesel by Re 1 a litre.