Petrol prices unchanged for 2 days after drop of Rs 2 in 13 days

After a fall of around Rs 2 per litre in 13 days, petrol prices in the four metros have remained unchanged for the last two days (including Thursday).

In Delhi, the petrol price fell by Rs 2 between May 30-June 12 and is currently at Rs 76.43 a litre, data from the Indian Oil Corp's website showed.

Similarly, in Kolkata, Mumbai and Chennai, petrol prices during the said period declined by Rs 1.96, Rs 1.98, Rs 2.10 per litre to Rs 79.10, Rs 84.26 and Rs 79.33 a litre respectively. Prices have been at this level since Wednesday.

This drop of around Rs 2 a litre in the cost of petrol contrasts the rise of nearly Rs 4 per litre during May 14-29 when the prices of the fuel reached record levels in most of the major cities.

Similarly, prices of diesel which dropped by just over Re 1 in the four metro cities of the country during May 30-June 12 were steady on Wednesday and Thursday.

In Delhi and Kolkata, the price of the fuel declined by Rs 1.46 during the period to Rs 67.85 and Rs 70.40 per litre. In Mumbai and Chennai, prices were at Rs 72.24 and Rs 71.62 a litre, down Rs 1.55 and Rs 1.56 respectively.

The rate of fall in the past two weeks was just half the pace of rise in the previous fortnight.

--IANS

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