Fuel price drop: Government cuts excise duty on petrol and diesel by Rs 1.50/litre Updated : October 05, 2018 06:29 AM IST The consumers will get a benefit of Rs. 2.50, said finance minister Arun Jaitley while announcing the decision. Petrol prices Thursday touched an all-time high of Rs 91.34 per litre in Mumbai. Published : October 04, 2018 03:23 PM IST