Fuel prices reduced again on Thursday

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Fuel prices were reduced again on Thursday after remaining unchanged on Wednesday. The petrol price was cut by 40 paise to 43 paise per litre while diesel price was cut by 30 to 48 paise per litre in all major cities of the country.

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In Delhi, petrol is being retailed at Rs 75. 97 per litre, while diesel costs Rs 70.97 per litre. In Noida, petrol was sold at Rs 74.62 and diesel was retailing at Rs 69.37 per litre.

Also read- Fuel prices on Wednesday remained unchanged

In Mumbai, petrol is being sold at Rs 81. 50 per litre and diesel rates at Rs 74.34 litre.

In Kolkata, petrol costs Rs 78.88 per litre and diesel rates at Rs 73.13 per litre. In Chennai, petrol costs Rs 79.31 per litre, and diesel rates at Rs 75.31 per litre.

In November so far, petrol prices cut by nearly Rs 3 per litre while diesel has become cheaper by nearly Rs 2 per litre.

On October 4, the government announced 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.

In early October, Brent crude rates have come down by almost 30 per cent from their recent peaks, weighed down by surging supply and a slowdown in demand growth. Today, Brent crude futures were trading nearly $63 per barrel mark in Asian trade.

 

 

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