Fuel prices slashed for fifth day, petrol now cost Rs 81.34 in Delhi

New Delhi: In what could bring respite to citizens, fuel prices witnessed deduction on Monday.

In Delhi, petrol price was slashed by 30 paise to retail at Rs 81.34 per litre, while diesel is being sold 27 paise lower at Rs 74.92 per litre on Monday.

Price of petrol has been reduced by 30 paise to retail at Rs 86.91 per litre, while diesel is being sold at Rs 78.54 per litre after a 28 paise cut in Mumbai.

Meanwhile, in the national capital, all 400 petrol pumps along with linked CNG dispensing units will remain shut from 6 am on Monday till 5 am on Tuesday in protest against Aam Aadmi Party-led Delhi government's refusal to reduce Value Added Tax (VAT) on diesel and petrol.

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. He had also directed all state governments to slash rates.