Fuel prices had been reduced in other metro cities of the country citing a big ease to commuters' pockets. The revised rates are mentioned below:
Delhi
Petrol - Rs 77.82/litre
Diesel - Rs 72.09/litre
Mumbai
Petrol - Rs 82.80/litre
Diesel - Rs 75.53/litre
Kolkata
Petrol - Rs 79.36/litre
Diesel - Rs 74.05/litre
Bengaluru
Petrol - Rs 78.05/litre
Diesel - Rs 72.58/litre
Chennai
Petrol - Rs 80.42/litre
Diesel - Rs 76.30/litre
Ahmedabad
Petrol - Rs 74.58/litre
Diesel - Rs 75.44/litre
After global crude oil prices fell by 7 per cent on November 14 and the rupee appreciated to 72 against the US dollar, fuel prices were expected to dip down today. Prices haven't increased since a month now. Fuel prices were last increased on 16 October. Since then daily prices have either remained static or have decreased. Including today’s cut, fuel prices have come down by almost 15 per cent after witnessing a relentless hike in October burning a hole in the common commuter’s pocket.
On October 4, petrol prices touched an all-time high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai while diesel was at Rs 75.45 in Delhi and Rs 80.10 in Mumbai. Between mid-August and early October, the petrol price was hiked by Rs 6.86 per litre and diesel by Rs 6.73. However, prices dipped soon after the government intervened and relaxed the excise duty on fuel which was followed by several state governments reducing the similar amount on its sales tax or VAT.