New Delhi: The fuel prices continued the downward trend with a litre of petrol costing Rs 77.28 (decrease by Rs 0.15) in Delhi and Rs 82.80 (decrease by Rs 0.14) in Mumbai on Thursday. The diesel prices, on the other hand, stood at Rs 72.09 per litre (decrease by Rs 0.10) in Delhi and Rs 75.53 (decrease by Rs 0.11) in Mumbai. (Check the live Petrol And Diesel Price Here)
Also Read - BMC Circular, Directing That Bodies of COVID-19 Patients Only be Cremated, Withdrawn

The fuel prices have continued to decline for the past few days. On Wednesday, the petrol price at the national capital was Rs 77.43 per litre after a decrease of 13 paise whereas diesel price was Rs 72.19 per litre following a decrease of 12 paise. Also Read - Fire Breaks Out in Mantralaya Building in Mumbai, 4 Fire Tenders Rushed to Spot

Meanwhile, in the financial capital Mumbai, the petrol and diesel prices on Wednesday declined to Rs 82.94 per litre (decrease by Rs 0.13) and Rs 75.64 (decreased by Rs 0.12), respectively.

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.

Last month, the spiralling fuel prices had led the Centre face severe criticism from the opposition parties, even as the former attributed the hike in fuel prices to global factors. On October 4, Union Finance Minister Arun Jaitley had announced a reduction of Rs 2.50 per litre on both petrol and diesel prices after curbing excise duty on the commodity by Rs 1.50 per litre.

Before the price cut, the petrol price in Delhi had hit an all-time high of Rs 84 per litre while 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.

The fuel prices had witnessed a relentless hike in the country for almost a month, but the rates are declining due to multiple factors such as lower international crude oil cost and a recovery of the rupee against the US dollar.

(With Agency inputs)