Asda has lowered its price of fuel for the seventh time since October.
Fuel rates began their downward climb in October after Union finance minister Arun Jaitley announced an excise duty cut of Rs. 1.5 per litre on petrol and diesel.
Fuel prices were last seen in this range in August 2017 and January 2018, respectively before they started inching higher due to the weakening rupee and crude oil volatility.More news: 'Hindus invented stem cell research' claim sparks uproar in India
RAC fuel spokesman Simon Williams said: 'This cut is very welcome news, but the big question is whether the other supermarkets will respond and drop their prices sufficiently at all of their sites. The retail price of diesel in the capital has been increased by 8 Paise to ₹ 62.24 from ₹ 62.16 and the retail price of petrol went up by 20 Paise to ₹ 68.50 from ₹ 68.30.
Last week a group of MPs called for an independent body to monitor fuel costs.More news: De Blasio touts $100M plan to provide healthcare for all NYC residents
"This will mean drivers who are not near a low-priced fuel retailer will continue to pay over the odds".
'In rural communities where public transport is poor and unreliable, people need their vehicles to get from A to B. That is where a price monitoring system would support them'.
Now both retailers have said it's cutting prices at all 320 forecourts as of tomorrow (Tuesday).More news: Idris Elba Enlists Daniel Craig for Latest James Bond Joke
In Noida, on the other hand, petrol price was slashed by four paise, while diesel became 13 paise cheaper after the daily price revision.