Petrol price cut by Rs 2, diesel by Rs 1 in last 8 days

October 26, 2018 19:05

Petrol price has been cut by nearly Rs 2 per litre and diesel by Re 1 a litre in the last eight days on the back of softer international rates, an official statement said Friday.

Petrol price has been reduced by Rs 1.98 per litre and diesel by Rs 0.96 a litre during the last eight days.

In Delhi, petrol now costs Rs 80.85 per litre and diesel is priced at Rs 74.73 a litre, it said.

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.

On that day, the government decided to cut excise duty on petrol and 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, the petrol price came down to Rs 81.50 per litre and diesel at Rs 72.95 a litre on October 5, the statement said. -- PTI

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