Petrol Price Down by Rs 2.42 per litre, Diesel by Rs 2.25

DELHI: The price of hydrocarbon was nowadays slashed by Rs 2.42 per liter whereas that of diesel was reduced by Rs 2.25, Press Trust of Republic of India according. This can be the tenth cut within the worth of hydrocarbon since August last, and also the 6 just in case of diesel since its liberation in Gregorian calendar month. Fuel costs were last revised on January 16 once hydrocarbon and diesel costs were cut by a similar margin within the wake of falling oil costs. In January, the govt. had additionally hiked excise duty on hydrocarbon and diesel by Rs 2.00 per liter. This was the fourth hike in excise duty since November and cumulatively excise duty on hydrocarbon was hiked by Rs 7.75 per liter and diesel by Rs 6.50 a litre. The rupee, that plays a crucial role in determinant costs of the foreign fuels, over steady at 61.66 against the U.S.A. greenback nowadays.