Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Or Login with

Sign In with google

Sign up to CarWale

Please enter your name
Please enter your mobile number
Please enter your password
Please enter your password

Fuel prices slide further after Diwali

November 08, 2018, 02:07 PM IST by Omkar Thakur
Fuel prices slide further after Diwali

After the central government announced the excise duty cut earlier this month to rein in the fuel prices across the country, the prices of petrol and diesel have decreased steadily. Fuel prices, which have been deregulated, are calculated on a daily basis depending upon the cost of crude in the global market.

After crossing Rs 90 per litre in the first week of October, the fuel prices have reduced with the rupee finding a foothold and the global crude prices decreasing gradually. A large chunk of India’s oil is imported from Iran which has now been put under international sanctions by the US due to their nuclear activities. India’s Iran oil deal has been a big saviour of the economy as India does not need to pay in US Dollars and thus saving us valuable foreign exchange.

Fuel prices in Delhi have gone well below Rs 80 with petrol being retailed at Rs 78.21 and diesel at Rs 72.81. Mumbai continues to quite expensive as the state taxation has led to the retail price of Rs 83.72 and Rs 76.38 for petrol and diesel respectively. Fuel prices are expected to hover in this range as India has availed exceptions from the Iran sanctions and also the $75 billion forex deal with Japan should help the Rupee retain its value.

Tags:petrol prices,diesel prices,Fuel price,Fuel price India,petrol price delhi
  • FaceBook Logo
  • Twitter Logo
  • Email Logo
Show CommentsHide Comments
  • Upcoming Cars

Hyundai Grand i10 NIOSHyundai Grand i10 NIOS

20th Aug 2019

6L - ₹ 8L
Maruti Suzuki XL6Maruti Suzuki XL6

21st Aug 2019

8L - ₹ 12L
BMW New 3 SeriesBMW New 3 Series

21st Aug 2019

50L - ₹ 60L
Kia SeltosKia Seltos

22nd Aug 2019

11L - ₹ 17L
Renault TriberRenault Triber

28th Aug 2019

5L - ₹ 7L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in