Petrol prices reduced by 40 paise, diesel by 30.

441
Photo for representation only.

The prices of petrol and diesel fell again on Saturday making it the eleventh consecutive downfall in the price.

While the prices of petrol were reduced by 40 paise per litre, that of diesel were lowered by 30 paise per litre.

The price of the petrol and diesel is being monitored by the state-run oil marketing companies.

The Indian Oil Corporation reviews the prices by comparing it with global crude oil and rupee-dollar forex rates, among other factors.

There has been a consistent reduction in the price of petrol and diesel after the government faced a severe backlash from the opposition for failing to control the rising price.

The consecutive increase in the prices since May 2014 had led to an increase in the prices of petrol and diesel.