Petrol and diesel prices were cut for the fourth straight day today on softening international oil prices. According to the price notification of state-owned oil firms, the price of Petrol was cut by 25 paise a litre and diesel by 17 paise, Fuel prices have been declining since Thursday.
In four days, petrol price has been cut by 1.09 Rs. per litre and diesel by 50 paise.
The rates were reduced by a minimum 2.50 Rs per litre across the country on October 5, when the government cut excise duty on petrol and diesel by 1.50 Rs a litre and asked oil PSUs to subsidise the fuels by another one rupee a litre.