Despite crude on rebound, sharp cuts in fuel prices in India

Petrol and prices in the country have fallen sharply again even though global oil prices rebounded and rose over $43 a barrel marking its fifth consecutive day of rise.

On Friday, the pump prices of petrol and diesel fell by 26 and 35 paisa per litre, respectively in the national capital making it one of the sharpest daily fall in last five months.

Accordingly, petrol is now at Rs 81.14 a litre and diesel Rs 72.02 a litre in Delhi.

ET Energy World
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