Fuel prices continue to decline on Tuesday

Fuel prices witnessed further reduction on Tuesday, providing some relief to consumers from relentless rate hikes.

The petrol price in Delhi was revised to Rs 81.34 per litre, while that in Mumbai was Rs 86.81 per litre after a 10 paise reduction.

Diesel, on the other hand, is being sold seven paise lower at Rs 74.85 per litre in Delhi, while the price of diesel in Mumbai has been reduced by eight paise to retail at Rs 78.46 per litre.

The fuel prices had been witnessing a relentless hike since the past few months in the country, burning a hole in the common commuter's pocket.

On October 4, in a bid to ease the crunch caused by soaring fuel prices, Finance Minister Arun Jaitley, announced a reduction of Rs 2.50 per litre on both petrol and diesel prices after curbing excise duty on the commodity by Rs 1.50 per litre.