Petrol price cut by Rs 2/litre in last 8 days

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Petrol price has been cut by nearly Rs 2 per litre and diesel by Re 1 a litre in the last eight days on the back of softer international rates, an official statement said.

Petrol price has been reduced by Rs 1.98 per litre and diesel by Rs 0.96 a litre during the last eight days.

In Delhi, petrol now costs Rs 80.85 per litre and diesel is priced at Rs 74.73 a litre, it said.

The rates are off their record high of Rs 84 per litre for petrol and Rs 75.45 a litre for diesel touched on October 4.

On that day, the government decided to cut excise duty on petrol and diesel by Rs 1.50 per litre each and asked state-owned fuel retailers to subsidise by another Re 1 a litre by reducing their margins.

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