You are here: Home » Current Affairs » News » National
Business Standard

Petrol, diesel prices cut for a third straight day as crude oil softens 5%

Delhi has the lowest fuel prices among metros because of lower state taxes

BS Web Team  |  New Delhi 

Petrol diesel prices
The price of petrol was reduced by 12-19 paise and that of diesel by 11-17 paise across all major cities in the country

There were slight changes in petrol and diesel prices on Monday after two consecutive days of revisions.

Petrol now costs Rs 69.63 a litre in Delhi, Rs 75.28 a litre in Mumbai, Rs 72.26 a litre in Chennai, and Rs 72.27 a litre in Kolkata, according to a price notification by state-owned oil companies. Similarly, diesel costs Rs 62.33 per litre in Delhi, Rs 65.19 a litre in Mumbai, Rs 65.69 a litre in Chennai, and Rs 64.6 a litre in Kolkata.

Today, the price of petrol was reduced by 12-19 paise and that of diesel by 11-17 paise across all major cities in the country.

In the international market, the declined 5 per cent to under $30 a barrel.

ALSO READ: Petrol prices cut by 12 paise a litre, diesel declines by 14 paise

Petrol price was on Sunday reduced by 12 paise a litre and diesel rates by 14 paise as oil companies moderated their rate reduction amid a fall in global prices to absorb the hike in on fuel by the government.

Delhi has the lowest among metros because of lower state taxes.

The government had on Saturday hiked on petrol and diesel by a steep Rs 3 per litre each to garner about Rs 39,000 crore additional revenue as it repeated its 2014-15 act of not passing on gains arising from a slump in international oil prices.

First Published: Mon, March 16 2020. 08:30 IST
RECOMMENDED FOR YOU