Fuel prices continue to slide as global crude rates ease 

Representative Image. Photograph:( Zee News Network )

WION Web Team New Delhi, Delhi, India Nov 19, 2018, 08.30 AM (IST)

State-run oil-marketing companies continued to cut the prices of key transport fuels — petrol and diesel — well into the fifth week on Monday on lower global crude oil prices.

In the national capital Delhi, petrol was priced at Rs 76.52 as against Rs 76.71 on Sunday and diesel was sold at Rs 71.39 as compared to Rs 71.56 yesterday, according to data available on Indian Oil Corporation website.

In the country's business capital Mumbai, petrol was sold at Rs 82.04 per litre on Monday compared to Rs 82.23 on Sunday. Diesel in Mumbai became cheaper by 18 paise to Rs 74.79.

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.

(With inputs from agencies)