Petrol, diesel prices slashed further on Dussehra

19 Octobre, 2018, 10:57 | Auteur: Auguste Feret
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Presently, the per litre cost of petrol and diesel is Rs 82.38 (fall of Rs 0.24) and Rs 75.48 (decrease of Rs 0.10), respectively in the national capital. "The Centre had cut diesel rates by Rs 2.50 and other states have cut additional Rs 2.50 per litre on diesel". Petrol and diesel prices in Delhi are retailed at Rs 82.38 per litre and Rs 75.48 per litre, respectively.

In a big relief to consumers on the occasion of Dussehra, the prices of petrol and diesel across the country witnessed a dip for the second consecutive day on Friday. Price of petrol has already crossed the Rs 90 mark in Parbhani in Maharashtra, as first reported by TOI in Monday's edition.

The price of diesel reduced from Rs 77.43 per litre to Rs 77.33 per litre.

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In Mumbai too, the petrol price was slashed by 21 paise. The reduction in BJP-ruled states was more as they matched this cut by an equivalent reduction in local sales tax or VAT. US West Texas Intermediate crude for October delivery was up 12 cents, or 0.2 per cent, at $69.87 a barrel by 0413 GMT or 9:43 am IST, after falling 3 per cent in the previous session to settle below $70 for the first time in a month, according to a report by news agency Reuters. This came down to Rs 81.50 per litre for petrol and Rs 72.95 in case of diesel.

In Mumbai, petrol had hit a peak of Rs 91.34 hit on 4 October and diesel was sold at a record high of Rs 80.10. Maharashtra and Gujarat governments were among the first to announce a matching Rs 2.50 cut. Value-Added Tax in Delhi is higher than neighbouring Uttar Pradesh and Haryana.

Prior to October 5 cut, petrol price had risen by Rs 6.86 a litre and diesel by Rs 6.73 since mid-August.

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