Petrol prices reduced by 20 paise, diesel by 18 paise; 12th consecutive day of cuts
Petrol pump
There has been a consistent reduction in the price of petrol and diesel after the government faced a severe backlash from the opposition for failing to control the rising price
The prices of petrol and diesel fell again on Sunday making it the twelfth consecutive downfall in the price.
While the prices of petrol reduced by 20 paise per litre, that of diesel lowered by 18 paise per litre.
The prices of petrol and diesel after the twelfth consecutive reduction came down to Rs 76.62 and Rs 68.1 Rs respectively.
The price of petrol and diesel differs from state to state depending on local sales tax or VAT.
The total reduction in the price of petrol and diesel after the 12th consecutive cut accounted for Rs 1.69 and Rs 1.2 respectively.
The rates of the petrol and diesel are the cheapest in Delhi compared to other metros and most State capitals.
The Indian Oil Corporation reviews the prices by comparing it with global crude oil and rupee-dollar forex rates, among other factors.
There has been a consistent reduction in the price of petrol and diesel after the government faced a severe backlash from the opposition for failing to control the rising price.
The consecutive increase in the prices since May 2014 had led to an increase in the price of petrol by Rs 3.55 per litre and diesel by Rs 2.78.