Petrol price on Sunday was slashed by ₹8.69 a litre and that of diesel by ₹7.05 per litre following the government's decision to cut excise duty on auto fuels, giving relief to consumers battered by high fuel prices that had pushed inflation to a record high.
The government had on Saturday announced a record ₹8 per litre cut in excise duty on petrol and ₹6 reduction on diesel.
Petrol in the national capital now costs ₹96.72 a litre as against ₹105.41 previously. Diesel is now priced at ₹89.62 per litre as opposed to ₹96.67 earlier, a price notification from State-owned fuel retailers showed.
