Fuel prices witness dip on Monday

India [Delhi], Oct 22: On Monday fuel prices witnessed deduction,In what could bring respite to citizens.

On Monday In Delhi petrol price to retail at Rs. 81.34 per litre was slashed by 30 paise , while diesel is being sold 27 paise lower at Rs. 74.92 per litre.

Price of petrol has been reduced by 30 paise to retail at Rs 86.91 per litre, while diesel is being sold at Rs 78.54 per litre after a 28 paise cut in Mumbai.

Meanwhile, in the national capital, all 400 petrol pumps along with linked CNG dispensing units will remain shut from 6 am on Monday till 5 am on Tuesday in protest against Aam Aadmi Party-led Delhi government’s refusal to reduce Value Added Tax (VAT) on diesel and petrol.

On October 4, In a bid to ease the crunch caused by soaring fuel prices, Finance Minister Arun Jaitley had announced a reduction of Rs 2.50 per litre on both petrol and diesel prices after curbing excise duty on the commodity by Rs 1.50 per litre. He had also directed all state governments to slash rates.