Fuel prices have been soaring since the past few months in the country, burning a hole in the consumer’s pocket
New Delhi: 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 cost of petrol is Rs 82.38 per litre and the cost of diesel is Rs 75.48 per litre in the national capital. Petrol prices fell by Rs 0.24 and diesel prices decreased by Rs 0.10.
In Mumbai, the petrol price was slashed to Rs 87.84 per litre, while diesel 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 consumer’s pocket.
The Opposition has repeatedly blamed the Centre for the steep hike in the fuel price. Even as the fuel prices are hitting new highs every day, the government is holding off on reducing the excise duty rates. The government claims that they simply cannot afford it, and is bearing the brunt of the anger of the common man ahead of the 2019 Lok Sabha elections.
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.
With agency inputs
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Last Updated Oct 19, 2018, 12:26 PM IST