Fuel prices witness another cut, heres whats causing it

Petrol price was cut by 25 paise a litre and diesel by 17 paise, as per price notification of state-owned oil firms

It is not going unnoticed that fuel prices were cut for the fourth straight day.

Experts are quick to point out that the international oil prices are softening and thus the consumers are getting some relief.

This is also coming after the consumers were battered by two months of relentless rate hikes.

Petrol price was cut by 25 paise a litre and diesel by 17 paise, as per price notification of state-owned oil
firms.

In Delhi, petrol now costs Rs 81.74 a litre and diesel is priced at Rs 75.19 per litre. In Mumbai, petrol is sold for Rs 87.21 per litre and diesel at Rs 78.82.

The reduction in BJP-ruled states was more as they matched this cut by an equivalent reduction in local sales tax or VAT.

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.

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