Fuel prices on a downward trend; petrol at Rs 80.85 a litre in Delhi

Fuel prices witnessed further reduction on Friday, providing some relief to consumers as petrol prices decreased by Rs 25 paise.

On Friday, petrol retailed at Rs 80.85 per litrein Delhi while in Mumbai it was Rs 86.33 per litre. 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.

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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.

On October 4, in a bid to ease the crunch caused by soaring fuel prices, Finance Minister Arun Jaitley, 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. The downward trend of petrol has continued through this week.

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