Fuel prices witnessed further reduction on Friday, providing some relief to consumers from relentless rate hikes. The petrol price in Delhi was revised to Rs 80.85 per litre, while that in Mumbai was Rs 86.33 per litre after a reduction of 25 paise.
Fuel prices witnessed further reduction on Friday, providing some relief to consumers from relentless rate hikes. The petrol price in Delhi was revised to Rs 80.85 per litre, while that in Mumbai was Rs 86.33 per litre after a reduction of 25 paise.
Diesel, on the other hand, is being sold seven paise lower at Rs 74.73 per litre in Delhi, while the price of diesel in Mumbai has been reduced by eight paise to retail at Rs 78.33 per litre.
The fuel prices had been witnessing a relentless hike since the past few months in the country, burning a hole in the common commuter's pocket.
On October 4, in a bid to ease the crunch caused by soaring fuel prices, Finance Minister Arun Jaitley, 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.
Meanwhile, Asian shares slipped again on Friday morning, deepening this week's markets rout, after disappointing results from Alphabet Inc and Amazon.com heightened concerns over the outlook for U.S. corporate earnings, global trade and economic growth.
The wobbly start for regional bourses came despite a bounce on Wall Street overnight, which was helped by bargain-hunting and positive earnings from Microsoft Corp.
Those gains were put into perspective, however, as shares of both Amazon.com Inc and Alphabet Inc fell sharply after the closing bell on disappointing earnings.
Predictably, the Nasdaq futures turned down 1 percent and S&P E-mini futures fell 0.8 percent, underscoring broad worries about U.S. corporate earnings, and the outlook for the economy, which triggered a plunge on Wall Street on Wednesday and sent global markets into a tailspin.
In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.69 percent, erasing tiny gains made in the opening hour.
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 "Fuel prices witness downward trend on Friday")
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