Petrol and diesel prices further slashed on Saturday

Coming as a relief in the back of continual hikes, fuel prices witnessed a downward trend on Saturday.

Petrol prices in the national capital were reduced by 40 paise to Rs 80.45, while diesel saw a reduction of 35 paise to fall to Rs 74.38.

In Mumbai, petrol prices saw a cut down of 40 paise to now be selling at Rs 85.93, while diesel prices fell to Rs 77.96 after a reduction of 37 paise.

In a bid to ease the crunch caused by soaring fuel prices, Finance Minister Arun Jaitley had, on October 4, announced a reduction of Rs 2.50 per litre on both petrol and diesel prices after curbing excise duty on the commodity by Rs 1.50 per litre.

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