New Delhi: Domestic fuel prices have begun a slow decline as international rates tumble under the weight of record US crude output and US President Donald Trump’s threat to sharply raise tariff on Chinese goods.
On Monday, petrol sold for Rs 73 a litre and diesel at Rs 66.66 at Indian Oil CorporationNSE -2.33 % pumps in Delhi. Rates of petrol and diesel have fallen 13 paise and 5 paise a litre, respectively, in two days and if the fall in international oil rates continues over the next few weeks, domestic decline would be sharper.
