Petrol and diesel prices go down for the fourth consecutive day

WION Web Team Kabul, Afghanistan Oct 21, 2018, 07.05 AM(IST)

File photo Photograph:( ANI )

Story highlights

The government allowed revision of fuel rates on a daily basis since mid-June last year to reflect changes in costs instantly. 

Petrol and diesel prices have been slashed across India and as of today petrol is priced at Rs 81.74 per litre (decrease by Rs 0.25) and diesel is priced at Rs 75.19 per litre (decrease by Rs 0.17), respectively in Delhi. 

Petrol and diesel prices in Mumbai are Rs 87.21 per litre (decrease by Rs 0.25) and Rs 78.82 per litre (decrease by Rs 0.18), respectively.

Currently, fuel rate is revised every single day based on global oil prices. State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel prices with effect from 6 am on a daily basis. 

The government allowed revision of fuel rates on a daily basis since mid-June last year to reflect changes in costs instantly. 

Globally, oil prices rose on Friday on signs of surging demand in China, the world's second-largest oil consumer, although prices were headed for a second weekly decline on swelling US inventories and concern that trade wars were curbing economic activity, reported news agency Reuters.

(With inputs from agencies)