Fuel prices slashed: Petrol at Rs 78.78/litre in Delhi; diesel at Rs 73.36/litre
Business | November 04, 2018 10:25 ISTBeginning October 18, international oil prices have been falling and rupee has also appreciated.
Beginning October 18, international oil prices have been falling and rupee has also appreciated.
Fuel prices touched their record high of Rs 84 per litre for petrol and Rs 75.45 a litre for diesel in the previous month.
Likewise, in Mumbai, for petrol and diesel, you have to pay Rs 84.68 per litre (decrease by Rs 0.18) and Rs 77.18 per litre (decrease by Rs 0.14), respectively.
Likewise, in Mumbai, for petrol and diesel, you have to pay Rs 84.86 per litre (decreased by Rs 0.16) and Rs 77.32 per litre, respectively.
The rates are off their record high of Rs 84 per litre for petrol and Rs 75.45 a litre for diesel touched on October 4.
In comparison to Delhi, fuel rates in bordering states like Uttar Pradesh and Haryana are cheaper, he said.
Delhi: Around 400 petrol pumps along with linked CNG dispensing units to remain shut today.
In Mumbai, petrol and diesel prices reached Rs 88.29 per litre (increased by Rs 0.11) and Rs 79.35 per litre (increased by Rs 0.24) respectively.
Bordering states like Uttar Pradesh and Haryana have reduced VAT, said the association.
The prime minister flagged concerns of consuming nations like India over high crude oil prices that have already sent retail petrol, diesel and LPG rates to record highs, sources with direct knowledge of the development told PTI.
The meeting, coordinated by the NITI Aayog, is likely to focus on challenges posed by volatile oil prices and the US sanctions on Iran.
As fuel prices rise, PM Narendra Modi to meet global oil CEOs today
The meeting, coordinated by the NITI Aayog, is likely to focus on challenges posed by volatile oil prices and the US sanctions on Iran.
On Friday, amidst rising fuel prices despite an excise cut on petrol and diesel last week, Prime Minister Narendra Modi held a review meeting with Petroleum Minister Dharmendra Pradhan and Finance Minister Arun Jaitley.
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Earlier on Sunday, oil-marketing companies increased the prices of petrol and diesel across the four metro cities.
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In Mumbai, petrol and diesel prices reached Rs 87.73 per litre (increase by Rs 0.23) and Rs 77.68 per litre (increase by Rs 0.31) respectively.
The opposition party alleged that "looting" people's pockets through taxes on petrol and diesel has become the primary duty of the BJP-led government and reiterated its demand for bringing petrol and diesel under the ambit of the Goods and Services Tax (GST).
On Thursday, the Centre cut petrol and diesel prices by Rs 2.50 per litre, a decision that was followed by several BJP-ruled states giving an overall relief of Rs 5 per litre.
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