Continuing drop in fuel prices

Just days after the Diwali the Oil Marketing Companies (OMC) brought little respite for the consumers by slashing the fuel prices in India. Going by the latest input from the OMCs  petrol prices have been reduced by 17 paise whereas the prices of diesel was cut down by 16 paise in the national capital. According to reports from Reuters there is a slash in International Oil prices by about $15 in one month.

Whereas there was a quick peak in the month of October climbing to its highest almost in two and half years.