Fuel prices slashed further on Dussehra

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.

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.

In Mumbai, the petrol price was slashed by 24 paise to Rs 87.84 per litre, while diesel saw a decrease of 11 paise and is now being retailed at Rs 79.13 per litre.

A similar dip in prices was witnessed in other metropolitan cities of Kolkata and Chennai.

Petrol and diesel are being sold at Rs 84.21 per litre and Rs 77.33 per litre, respectively in Kolkata. While petrol prices in Chennai settled at Rs 85.63 per litre and diesel at Rs 79.82 per litre.

On Thursday, the prices of petrol and diesel were slashed for the first time in over two months. Petrol prices were reduced by 21 paise in both Delhi and Mumbai, while diesel cost was cut by 11 paise.

Fuel prices have been soaring since the past few months in the country, burning a hole in the common commuter's pocket.

While the Opposition has repeatedly blamed the Centre for the steep hike in the fuel price, the latter has maintained that global crude oil prices and other international factors are responsible for the increase in prices of petroleum products.

In a bid to ease the crunch caused by soaring fuel prices, Finance Minister Arun Jaitley had, on October 4, 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. He had also directed all state governments to slash rates.