Petrol, diesel prices today: Good News! Fuel prices witness dip; Check latest rates in your city

Petrol, diesel prices today: The fuel price has been soaring since the past few months in the country, causing many problems for the common people. However, it was stable for the past few days.

Petrol, diesel prices today: In a relief for common people, the cost of fuel has been cut down across all metro cities on Thursday. (AFP)

Petrol, diesel prices today: In a relief for common people, the cost of fuel has been cut down across all metro cities on Thursday. The oil marketing companies have cut the petrol prices in the national capital by 21 paise to Rs 82.62 per litre and diesel price by 11 paise to Rs 75.58 per litre. While in Mumbai, Chennai, as well as in Kolkata, the prices of petrol and diesel have been dropped by 21 paise and 11 paise respectively. While petrol is being retailed at Rs 88.08 per litre in Mumbai, Rs 84.44 per litre in Kolkata, Rs 85.88 in Chennai, diesel can be availed at Rs 79.35 per litre in Mumbai, Rs 77.54 per litre in Kolkata and Rs 79.93 in Chennai. This comes days after India witnessed a continuous rise in the prices of petrol and diesel since it was dropped by Rs 5 on October 5. The fuel price has been soaring since the past few months in the country, causing many problems for the common people. However, it was stable for the past few days. Modi government had on October 5 cut the fuel rates through excise duty reduction and oil company subsidy, in wake of rising petrol and diesel prices. The government cut excise duty by Rs 1.50 per litre and directed state-run oil marketing firms to subsidise fuel by Rs 1 per litre, which resulted in a combined reduction of Rs 2.50 per litre. Meanwhile, the Delhi Petrol Dealers Association announced on Wednesday that it will go on a one-day strike from 6 am on October 22 to 5 am on October 23 in order to protest against the refusal to deduct Value Added Tax (VAT) by Delhi government on fuel prices. “There are about 400 petrol pumps in Delhi which also have linked CNG pumps with them. Both will remain closed in protest from 6.00 am onwards on October 22 and remain closed till 5.00 am on October 23, 2018,” the association said in a statement.