Petrol, diesel prices continue to decline for fifth straight day

NEW DELHI: In some respite to customers, petrol and diesel prices have been once more lowered through the state-run oil marketing firms (OMCs) on Monday. This is the 5th straight relief in the gas rates after the prices zoomed to report highs amid rise in global crude oil cost.

Petrol prices have been cut through 30 paise whilst the diesel rates have been lowered through 27 paise.

A litre of petrol in Delhi will now cost Rs 80.44 and diesel might be sold in the national capital at Rs 74.92. However, all 400-odd petrol pumps along side related CNG meting out gadgets in the national capital will stay shut on Monday in protest against Delhi government's refusal to scale back VAT (local gross sales tax) on fuels, the Delhi Petrol Dealers Association (DPDA) said in a statement.

Petrol pumps in Delhi to stay shut as of late

All 400-odd petrol pumps along side related CNG meting out gadgets in the national capital will stay shut on Monday in protest against Delhi government's refusal to scale back VAT on fuels, the Delhi Petrol Dealers Association (DPDA) said in a statement. All the petrol pumps will stay closed for almost 24 hours in protest.


In comparison to Delhi, gas rates in bordering states like Uttar Pradesh and Haryana are less expensive, DPDA president Nischal Singhania said.

In Mumbai, petrol price on Monday stood at Rs 86.91 in keeping with litre and diesel is sold at Rs 78.54.


State-run oil marketing firms Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) revise gas prices with impact from 6 am each day.


The rates have been lowered through a minimum Rs 2.50 in keeping with litre around the nation on October five, when the government had slashed excise accountability on petrol and diesel through Rs 1.50 a litre and asked oil PSUs to subsidise the fuels through every other Re 1 a litre.


Before the October five price cut, petrol in Delhi had hit an all-time prime of Rs 84 in keeping with litre and diesel used to be at report Rs 75.45.


In Mumbai, petrol had hit a top of Rs 91.34 hit on October 4 and diesel used to be sold at a report prime of Rs 80.10.
Petrol, diesel prices continue to decline for fifth straight day Petrol, diesel prices continue to decline for fifth straight day Reviewed by kailash soni on October 22, 2018 Rating: 5
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