Petrol & diesel: 16 days to cut down

New Delhi, May 30: Here is the relief for the petrol lovers, as the petrol prices come down after the 16 consecutive days hike.

According to the details, The petrol prices have been cut down by 60 paise in Delhi to Rs 77.83/liter on Wednesday, while diesel price went down by 56 paise in Delhi and 59 paise in Mumbai.

We knew that Fuel prices vary from state to state due to local taxes.

Meanwhile, the cost of diesel per litre as on Wednesday is Rs 68.75 per litre in Delhi, Rs 73.20 per litre in Mumbai, Rs. 71.30 in Kolkata and Rs. 72.58 in Chennai.

Indian Oil Corp (IOC), the country’s largest fuel retailer, had between 14 May and 29 May increased petrol prices by Rs 3.80 per litre and diesel prices by Rs 3.38 per litre in the national capital. Similar price hikes were implemented in other cities across the nation fueling nation-wide protests and a call for excise duty cut