After 13 consecutive days of price cuts, fuel prices remain unchanged today

WION Web Team New Delhi, Delhi, India Oct 31, 2018, 09.42 AM(IST)

Representative Image. Photograph:( Zee News Network )

Fuel prices in the country remained unchanged on Wednesday after reducing for thirteen consecutive days.

Petrol price in the national capital was revised to 79.55 per litre on Tuesday while diesel price to Rs 73.78 per litre.

The prices of petrol were recorded at Rs 81.43 in Kolkata, Rs 85.04 in Mumbai and Rs 82.65 in Chennai on Tuesday.

Petrol price in the national capital reduced to over 3 Rs in the last 13 days, while diesel witnessed a reduction of Rs 1.91.

The fuel prices in the country have witnessed a relentless hike since the past few months in the country, burning a hole in the commuter's pocket.

In a bid to ease the crunch caused by soaring fuel prices, finance minister Arun Jaitley on October 2 announced a reduction of Rs 2.50 per litre on both petrol and diesel prices.

The ministry had curbed the excise duty on the commodity by Rs 1.50 per litre. 

The fuel rate in the country is revised every single day based on global oil prices. State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum revise the 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.