Fuel Prices Show Declining Trend; Petrol Available at Rs 77.43 in Delhi, Rs Rs 82.94 in Mumbai

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.

New Delhi: Fuel prices on Tuesday registered a slump in their prices in the national capital and Mumbai. In Delhi, petrol and diesel are available for Rs 77.43 per litre (decrease by Rs 0.13) and Rs 72.19 per litre (decrease by Rs 0.12), respectively. In Mumbai, petrol and diesel prices are sold at Rs 82.94 per litre (decrease by Rs 0.13) and Rs 75.64 (decrease by Rs 0.12), respectively. (Check the live Petrol and Diesel Price Here)

On Sunday, continuing the declining trend, petrol price in Delhi and Mumbai registered a decline of Rs 0.16, 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 was sold at Rs 77.73 per litre in Delhi and Rs 83.24 per litre in Mumbai. On the other hand, diesel was sold at Rs 72.46 per litre in the national capital and Rs 75.92  per litre in Mumbai.

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.