Explorer

Good news! Petrol, diesel prices dip down further; Check revised rates

After witnessing a continuous cut from the past five days, petrol and diesel prices remained unchanged on the eve of Diwali.

New Delhi: As the global crude oil rates continue its downward trend, petrol and diesel prices in Delhi were once again decreased by 0.21 paisa and 0.18 paise, respectively. In the national capital, a litre of petrol is now retailing at Rs 78.21, whereas diesel at Rs 72.89. Likewise, fuel prices in Mumbai also witnessed a dip with petrol and diesel prices coming down by 0.20 paise and 0.19 paise respectively. Oil marketing companies (OMCs) are retailing petrol in Mumbai at Rs 83.72 and at the same time diesel is being sold at Rs 76.38 per litre. After witnessing a continuous cut from the past five days, petrol and diesel prices remained unchanged on the eve of Diwali. It is worth mentioning here that petrol price has touched its lowest level in the last six weeks in Delhi on Tuesday. The stability reform in fuel prices across the country has been on the account of drop in international crude oil prices and strengthening on Indian currency against the US dollar. Brent crude futures, a benchmark of international crude price, have dropped below the $72 per barrel level on Wednesday amid oversupply. Over the last 2 weeks, crude prices have witnessed a decline of 15 per cent in the global markets. Petrol price had touched a record high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai on October 4. Diesel on that day had peaked to Rs 75.45 a litre in Delhi and Rs 80.10 in Mumbai. After this relentless hike in fuel prices, the government decided to cut excise duty on petrol and diesel by Rs 2.50 per litre each and asked state-owned fuel retailers to subsidise the price by another Rs 2.50 a litre by reducing their margins. Even the industry sources said as per the assessment, the retail prices of petrol and diesel may witness a further dip in the days to come.
View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

PM Modi Calls Congress A 'Bully' After Lawyers Write To CJI. Here's What He Said
PM Modi Calls Congress A 'Bully' After Lawyers Write To CJI. Here's What He Said
Actor Govinda Joins Eknath Shinde's Shiv Sena, Likely To Contest From Mumbai North West
Actor Govinda Joins Eknath Shinde's Shiv Sena, Likely To Contest From Mumbai North West
'Any External Imputation Unacceptable': India On US Diplomat Summon Over Kejriwal's Arrest
'Any External Imputation Unacceptable': India On US Diplomat Summon Over Kejriwal's Arrest
Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
Advertisement
for smartphones
and tablets

Videos

Bihar Lok Sabha Polls 2024: ABP Exclusive With Papu Yadav, MP No Longer Contesting From PurniaVarun Gandhi Pens Emotional Letter To Pilibhit After Being Denied, Says 'Mai Aapka Hu Aur Rahunga'Delhi Excise Policy Case: With CM Arvind Kejriwal's Arrest, Who Will Run The State | Watch ReportLok Sabha Elections 2024: 'BJP Just Wants To Break The Aam Aadmi Party' says Saurabh Bhardwaj

Photogallery

Embed widget