Price Cut: Petrol by 8.69, diesel by 7.05

Price Cut: Petrol by 8.69, diesel by 7.05

Petrol price on Sunday was slashed by Rs 8.69 a litre and that of diesel by Rs 7.05 per litre following the government’s decision to cut excise duty on auto fuels, giving relief to consumers battered by high fuel prices that had pushed inflation to a record high. The government had on Saturday announced a record Rs 8 per litre cut in excise duty on petrol and Rs 6 reduction on diesel. The excise duty cut will translate into a reduction of Rs 8.69 a litre on petrol in Delhi…

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