Petrol price has been cut by 22 paise, diesel by 23 paise.

On March 30, petrol and diesel prices were cut for the third time within a week on the back of softening in international oil prices.

According to the price notification of state-owned fuel retailers, the price of petrol was cut by 22 paise per liter and diesel by 23 paise per liter.

The price of petrol in Delhi is now 6 90.56 per liter and the price of one liter of diesel is ₹ 80.87.

Rates have been reduced across the country based on local incidence of taxation (VAT) and vary from state to state.

In Mumbai, the price of petrol was reduced from ₹ 97.19 to ₹ 96.98 liters as on March 30, while diesel rates were reduced from ₹ 88.20 to ₹ 87.96, as shown in the price notification.

Fuel prices were slashed for the first time in six months on 24 March, and then on 25 March, as well as the second wave of COVID-19 cases following the fall in international oil prices, reducing the likelihood of a rapid recovery in consumption Has gone.

They then remained on a freeze following one of the world’s most important waterways as global rates fell. The reopening of the Suez Canal brought the rates back again.

In three cuts, the price of petrol has decreased by 61 paise per liter and diesel by 60 paise.

Despite a rate cut since the government increased excise duty in March last year, petrol had increased to a record ₹ 21.58 per liter. The price of diesel was increased by .1 19.18 liters.