Christmas gift for commuters! Petrol prices slashed by 21 paise, diesel down by 19 paise
The petrol is selling down by Rs 14 to Rs 16 per litre in metro cities of India as compared to the prices in October 2018. The highest price petrol touched in Delhi was Rs 84 per litre and diesel sold at Rs 75.45 per litre in October this year.
With the constant fall in international crude oil prices ahead of the festive season, the fuel prices witnessed a cut for the fourth consecutive. The OMC's (Oil Marketing Companies) on Monday reduced the fuel prices across the country, making petrol and diesel cheaper by 21 paise and 19 paise, respectively. After this cut, petrol is being sold in Delhi for Rs 69.86 and diesel for Rs 63.83 per litre.
Among other areas in NCR, petrol price in Noida is now Rs 69.84 and Rs 63.27 per litre for diesel. While in Gurugram, petrol is available at Rs 70.87 per litre and diesel at Rs. 63.89 per litre.
In Mumbai, petrol is selling at Rs 75.48, cheaper by 21 paise from Sunday, while diesel is available 19 paise cheaper at Rs 66.79 per litre.
Meanwhile, the retail price of petrol and diesel in Kolkata is Rs 71.96 and Rs 65.59 per litre, respectively. In Chennai, the petrol is selling at Rs 72.48 down 22 paise from Sunday's price. Diesel in the city is down by 20 paise to Rs 67.38 paise per litre.
The domestic fuel prices depend on the 15 day average of international crude oil prices and the value of rupee.The Brent crude fell below $53 to $52.79 a barrel on Friday, lowest since the second quarter of 2017.
The fuel prices have seen a massive correction since October 2018 when the Brent was sailing at $85 a barrel.
The petrol is selling down by Rs 14 to Rs 16 per litre in metro cities of India as compared to the prices in October 2018. The highest price petrol touched in Delhi was Rs 84 per litre and diesel sold at Rs 75.45 per litre in October this year.
The continuous appreciation of Indian rupee, weakening of crude oil prices and its oversupply issues globally will likely to get further rate cuts in fuel prices.
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