industry

Petrol, diesel prices cut again on New Year's eve


On New Year‘s eve, petrol and diesel prices have been cut again. With this, the fuel prices have reached the lowest point of this year.

Petrol price in Delhi was cut to Rs 68.84 from Rs 69.04 per litre while diesel dipped to Rs 62.86 from Rs 63.09, according to notifications of state-owned oil firms.

The highest price was recorded on October, however, soon after rates started to nosedive. Since then petrol has become cheaper by about Rs 13. While diesel has got cheaper by about Rs 12.

The dip in prices comes after the United States softened its stand on Iran’s sanctions and allowed eight countries to continue importing oil from Iran temporarily. These countries are India, China, South Korea, Japan, Turkey, Italy, the United Arab Emirates, and Taiwan.





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