After remaining unchanged for 45 days, petrol and diesel prices on Sunday have been reduced in the country. The development comes after the central government cut excise duty on petrol on Friday by a record Rs 8 per liter and that on diesel by Rs 6 per litre. The cut was estimated to translate into a reduction of Rs 9.5 per liter in petrol prices and Rs 7 per liter in diesel, after taking into account its impact on other levies.
The price of petrol in Delhi has been reduced to Rs 96.72 per litre, while the per-litre diesel price now stands at Rs 89.62. In Mumbai, petrol was retailing at Rs 111.35 per liter after the latest excise duty cut, while diesel was being sold at Rs 97.28 a litre.
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