Fuel price today: Petrol, diesel rate continue to dip in major cities

05 November, 2018, 05:31 | Author: Mary Valdez
  • Woman at petrol station filling car tank

"However, the company is still incurring losses on sale of petrol and diesel". This has happened for the 14 time in a row.

"Every motorist driving a petrol auto should feel aggrieved that the price of a litre stayed the same in October when it should have fallen by more than 3p", he said. "Petrol and diesel prices in #Mumbai are Rs 84.49 per litre (decrease by Rs 0.19) and Rs 77.06 per litre (decrease by Rs 0.12), respectively", the news agency ANI reported. On that day, the government chose to cut excise duty on petrol and diesel by Rs 1.50 per litre each and asked state-owned fuel retailers to subsidise by another Re 1 a litre by reducing their margins. The government also requested all state governments to cut taxes on petrol and diesel by similar Rs. 2.50 per litre. On Friday, the petrol was priced at Rs. 79.18 per litre in Delhi and Rs. 84.68 per litre in Mumbai.

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The petrol and diesel rate cut comes as a relief amid a relentless hike across the country in previous months. It is worth mentioning that these prices of petrol and diesel have reached the lowest level of the last two weeks till date.

In Mumbai, petrol had hit a peak of Rs 91.34 on October 4 and diesel was sold at a record high of Rs 80.10. Today, petrol in Noida was sold at Rs. 77.14 and diesel was sold at Rs. 71.80.

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