Fuel prices fall after FM's announcement to cut excise duty. Check new rates HERE

New Delhi: The prices of petrol and diesel fell on Sunday after remaining unchanged for 45 days in a row.

The fall was due to Union Finance Minister Nirmala Sitharaman's announcement to cut excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.

According to notification of Indian Oil Corporation, petrol in Delhi now costs Rs 96.72 per litre and diesel Rs 89.62 per litre.

In Mumbai, a litre of petrol is available at Rs 111.35 per litre while diesel at Rs 97.28.

In Chennai, a lite of petrol costs Rs 102.63 while diesel Rs 94.24.

In Kolkata, the price of a litre of petrol is Rs 106.03 while diesel is Rs 92.76.

Providing major relief to the common man from high fuel pries Sitharaman had on Saturday announced that the central excise duty on petrol will be slashed by Rs 8 per litre and on diesel by Rs 6 per litre.

She said it will reduce the price of petrol by 9.5 per litre and of diesel by Rs 7 per litre.

Sitharaman had also announced that the government will give a subsidy of Rs 200 per gas cylinder, upto 12 cylinders, to over 9 crore beneficiaries of Pradhan Mantri Ujjwala Yojana. (UNI)