Petrol, diesel prices down for 4 consecutive week; Check revised rates in top cities

On the backdrop of declining crude oil prices in the international market, Oil Marketing Companies (OMCs) of India have further reduced the rates of petrol and diesel across the country.

On October 4, petrol prices touched an all-time high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai. (Image: PTI)

Petrol, diesel price today: On the backdrop of declining crude oil prices in the international market, Oil Marketing Companies (OMCs) of India have further reduced the rates of petrol and diesel across the country. Fuel prices have witnessed a continuous dip in four straight weeks after touching record high last month. Petrol price in the national capital was decreased by 13 paise and is now being retailed at Rs 77.43, while diesel price was reduced by 12 paise and is now being sold at Rs 72.19 per litre. Likewise in Mumbai, petrol and diesel prices were reduced by 13 paise and 12 paise respectively. A litre of petrol in Mumbai costs Rs 82.94 whereas diesel is being retailed at Rs 75.64 a litre. 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 77.73/litre Deisel - Rs 72.46/litre Mumbai Petrol - Rs 83.24/litre Diesel - Rs 75.92/litre Kolkata Petrol - Rs 79.61/litre Deisel - Rs 74.28/litre Bengaluru Petrol - Rs 78.23/litre Diesel - Rs 72.74/litre Chennai Petrol - Rs 80.56/litre Diesel - Rs 76.43/litre Ahmedabad Petrol - Rs 75.30/litre Diesel - Rs 75.57/litre 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 10 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, 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. According to a report by news agency Reuters, international oil prices have slipped by about $15 in a span of one month after peaking in early October, reaching their highest level in two-and-a-half years, with a barrel of Brent at over $85.