NEW DELHI: The downward slide in petrol and diesel prices persevered on Monday after rates were minimize by way of 30-20 paise a litre on softening global oil prices.
Petrol price was once minimize by way of 30 paise a litre and now prices Rs 79.75 a litre in Delhi, according to a cost notification issued by way of state-owned oil corporations.
Diesel rates were decreased by way of 20 paise to Rs 73.85 a litre.
This is the 12th instantly day by day reduction in rates. In all petrol price has been minimize by way of Rs three.08 in step with litre and diesel by way of Rs 1.84 a litre.
The rates are off their report prime of Rs 84 in step with litre for petrol and Rs 75.45 a litre for diesel touched on October 4. On that day, the federal government determined to chop excise responsibility on petrol and diesel by way of Rs 1.50 in step with litre each and every and asked state-owned fuel shops to subsidise by way of every other Re 1 a litre by way of lowering their margins.
Subsequent to this, the petrol price got here all the way down to Rs 81.50 in step with litre and diesel at Rs 72.95 a litre on October 5.
However, as the global oil prices persevered to upward thrust, the price of petrol and diesel in Delhi greater to Rs 82.83 in step with litre and Rs 75.69 in step with litre by way of October 16. But beginning October 18, global oil prices have been falling and the rupee has also liked.
Petrol price was once minimize by way of 30 paise a litre and now prices Rs 79.75 a litre in Delhi, according to a cost notification issued by way of state-owned oil corporations.
Diesel rates were decreased by way of 20 paise to Rs 73.85 a litre.
This is the 12th instantly day by day reduction in rates. In all petrol price has been minimize by way of Rs three.08 in step with litre and diesel by way of Rs 1.84 a litre.
The rates are off their report prime of Rs 84 in step with litre for petrol and Rs 75.45 a litre for diesel touched on October 4. On that day, the federal government determined to chop excise responsibility on petrol and diesel by way of Rs 1.50 in step with litre each and every and asked state-owned fuel shops to subsidise by way of every other Re 1 a litre by way of lowering their margins.
Subsequent to this, the petrol price got here all the way down to Rs 81.50 in step with litre and diesel at Rs 72.95 a litre on October 5.
However, as the global oil prices persevered to upward thrust, the price of petrol and diesel in Delhi greater to Rs 82.83 in step with litre and Rs 75.69 in step with litre by way of October 16. But beginning October 18, global oil prices have been falling and the rupee has also liked.
Petrol, diesel prices cut for 12th straight day
![Petrol, diesel prices cut for 12th straight day]()
Reviewed by Kailash
on
October 29, 2018
Rating:
