Petrol, Diesel Prices cut down again

     Written by : SMTV24x7 | Fri, Jun 08, 2018, 12:28 PM

Petrol, Diesel Prices cut down again

New Delhi, June 08: In a minor relief, The Petrol and diesel prices have cut down again, for the tenth day in a row. Petrol prices in Delhi fell by 21 paise to Rs. 77.42 per liter on Friday. Diesel prices also decreased by 15 paise to Rs. 68.58 per liter in Delhi.

Across other metro cities, petrol dipped to Rs. 80.07 in Kolkata, Rs. 85.24 in Mumbai, and Rs. 80.37 in Chennai.

The ten days of a continuous dip in fuel prices comes as a minor relief since rates were hiked constantly for a period of 16 days. The global hike in crude prices led to soaring petrol and diesel prices.

The 16-day price surge had put the government under pressure to reduce excise duties on energy products. Petrol is subject to an excise duty of Rs. 19.48 per liter while diesel Rs. 15.33 a liter.

Diesel, on the other hand, is selling at Rs. 73.02 in Mumbai, 15 paise less from the day before. In Kolkata and Chennai, prices per liter fell to Rs. 71.13 and Rs. 72.40. (These prices are according to the Indian Oil Corporation; prices may vary at bunks of other companies by a few paise).