petrol

petrol

petrol

petrol

petrol

After many months of unabated price rise across the country, petrol prices fall below Rs 80 per liter in Delhi today. Fuel prices are on a decline since last two weeks. The fuel prices continued to witness a downfall today on the 12th straight day with petrol prices registering a decline of 30 paise and diesel by 20 paise in Delhi.Petrol is selling at Rs 79.75 per liter and diesel at Rs 73.85 in Delhi on Monday. In Mumbai, petrol is now being sold at Rs 85.24 per litre, 30 paise lower than Sunday's price and diesel at Rs 77.40 per litre, lower by 21 paise.After today's 12 consecutive cut,price is now Rs 3.08 per litre cheaper in comparison to its peak 82.83 per litre on October 16. Diesel is also down by Rs 1.84 a litre from its peak of Rs 75.69 per litre.The prices are off their record high of Rs 84 per litre forand Rs 75.45 a litre for diesel touched on October 4. On that day, the government announced a cut in excise duty onand 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.Subsequent to this, theprice came down to Rs 81.50 per litre and diesel at Rs 72.95 a litre on October 5, the statement said.But as the international oil prices continued to rise, price ofand diesel in Delhi increased to Rs 82.83 per litre and Rs 75.69 per litre by October 16.(Inputs from PTI, ANI)