NEW DELHI: State-run fuel retailers on Thursday cut petrol price by Rs 2.46 a litre, excluding state taxes, as the fuel became cheaper in bulk markets on the back of declining global demand....
There would be no incremental reduction in Delhi since the state government had pared local taxes on June 18. But in other states petrol would become cheaper by more than Rs 3 a litre due to a proportionate reduction in local levies.
This is the second time that fuel retailers reduced petrol price since they raised it by Rs 7.50 a litre on May 24. The retailers had last reduced the price by Rs 2 a litre. For consumers in Delhi, this would be the third reduction in the fuel's price if one were to account for the reduction in state taxes.
There would be no incremental reduction in Delhi since the state government had pared local taxes on June 18. But in other states petrol would become cheaper by more than Rs 3 a litre due to a proportionate reduction in local levies.
This is the second time that fuel retailers reduced petrol price since they raised it by Rs 7.50 a litre on May 24. The retailers had last reduced the price by Rs 2 a litre. For consumers in Delhi, this would be the third reduction in the fuel's price if one were to account for the reduction in state taxes.
