Fuel prices continue to decline; Petrol at Rs 80.85 per litre, Diesel at Rs 74.73 per litre in Delhi

ANI

New Delhi, Delhi, IndiaUpdated: Oct 26, 2018, 07:12 AM IST

Prices are set to be raised further given the sharp jump in crude oil prices in the international markets. It will have a cascading impact on the prices of other items and lead to inflationary pressure and hurt growth. It will have a cascading effect on the prices of other items. Photograph:(AFP)

Story highlights

The fuel prices had been witnessing a relentless hike since the past few months in the country, burning a hole in the common commuter's pocket.

Fule prices witnessed further reduction on Friday, providing some relief to consumers from relentless rate hikes.

The petrol price in Delhi was revised to Rs 80.85 per litre, while that in Mumbai was Rs 86.33 per litre after a reduction of 25 paise.

Diesel, on the other hand, is being sold seven paise lower at Rs 74.73 per litre in Delhi, while the price of diesel in Mumbai has been reduced by eight paise to retail at Rs 78.33 per litre.

The fuel prices had been witnessing a relentless hike since the past few months in the country, burning a hole in the commuter's pocket.

On October 4, in a bid to ease the crunch caused by soaring fuel prices, finance minister Arun Jaitley had announced a reduction of Rs 2.50 per litre on both petrol and diesel prices after curbing excise duty on the commodity by Rs 1.50 per litre.