Fuel prices further slashed; petrol selling at 78.78 per litre, diesel 73.36

Fuel prices saw further reduction on Sunday with petrol and diesel now being sold at Rs 78.78 and Rs 73.36 per litre respectively in the national capital.

Compared to Saturday, petrol and diesel prices witnessed a reduction of 21 and 17 paise respectively in Delhi.

Meanwhile, in Mumbai, petrol and diesel are retailed at Rs 84.28 (a decrease of 21 paise) and Rs 76.88 (declined 18 paise), respectively.

Fuel prices had earlier witnessed a relentless hike in the country, burning a hole in the common commuter`s pocket. However, earlier this month, the Central government 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, urging state governments to do the same on their end.

The fuel prices have witnessed asharp decline over the last few days after hitting record high.