Petrol, diesel prices continue to dip on softer crude

Petrol, diesel prices continue to dip on softer crude

Petrol, diesel prices continue to dip on softer crude

Diesel saw its fourth consecutive monthly price increase, rising from 134.5p to 136.9p, making the cost of a 55-litre tank £75.30.

As per the decline in the prices of petrol and diesel, the country's capital Delhi has seen a huge reduction in petrol prices by 19 paisa per liter, which has brought it down to Rs. 79.55 per liter.

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Petrol and diesel prices were slashed again on Saturday after the price of crude oil dipped in the global market.

Petrol prices fell by 18-20 paise a litre across the four metros while diesel prices dipped by 12-15 paise a litre.

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"Every motorist driving a petrol vehicle should feel aggrieved that the price of a litre stayed the same in October when it should have fallen by more than 3p", he said.

In Mumbai, petrol was sold at Rs 84.49 while the price of diesel was Rs 77.06 a litre. The fuel is being retailed at 77.73 per litre in the city. Following the Centre's request, many states like Gujarat, Rajasthan, Maharashtra, Uttar Pradesh, Haryana announced a cut in fuel prices. State-run oil marketing companies Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) revise fuel prices with effect from 06:00 am on a daily basis.

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In Mumbai, petrol had hit a peak of Rs 91.34 on October 4 and diesel was sold at a record high of Rs 80.10.

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