Fuel prices continue downward trend today

ANI
New Delhi, Delhi, India Published: Nov 18, 2018, 12:36 PM(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

In New Delhi, petrol is being sold at Rs 76.71 per litre after a decrease of 20 paise, and diesel at Rs 71.56 per litre after a decrease of 18 paise.

Fuel prices once again witnessed a decline on Sunday in New Delhi and Mumbai owing to a reduction in the rates of crude oil.

In New Delhi, petrol is being sold at Rs 76.71 per litre after a decrease of 20 paise, and diesel at Rs 71.56 per litre after a decrease of 18 paise.

Meanwhile, in Mumbai petrol is retailing 20 paise lower at Rs 82.23 per litre and diesel at Rs 74.97 after a decrease of 19 paise.

The rates of fuel across India are witnessing a continuous decline due to a fall in the prices of crude oil.

The United States recently softened its stand on Iran`s sanctions and gave its nod to eight countries to continue importing oil from Iran temporarily. 

The list of countries includes India, China, South Korea, Japan, Turkey, Italy, the United Arab Emirates, and Taiwan. 

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