After a record increase, petrol, diesel and domestic cooking gas (LPG) prices are likely to fall for a while as international oil prices have softened. Petrol and diesel prices were cut thrice in a week; LPG may too see a reduction.
Petrol and diesel prices on Tuesday were slashed for the third time within a week on the back of softening international oil prices. Petrol price was cut by 22 paise per litre and diesel by 23 paise per litre, according to a price notification of state-owned fuel retailers.
Petrol now costs Rs 90.56 per litre in Delhi and a litre of diesel comes for Rs 80.87. Rates have been reduced across the country and vary from state to state depending on the local incidence of taxation (VAT).
