Petrol, Diesel price down gradually in India, as crude oil tumbles
Petrol has tumbled in the range of 85 paisa to 91 paisa per litre, whereas diesel prices have come down between Rs 1.20 and Rs 1.28 per litre.
After seeing a marginal hike in their prices on the previous day, petrol and diesel in India once again fell on Thursday.
If compared with previous day's price, petrol prices for February 22 in New Delhi, Mumbai and Chennai stand at Rs 71.70 per litre, Rs 79.58 per litre and Rs 74.35 per litre, each seeing 2 paisa decline for the day.
In Kolkata, petrol was down by 1 paise per litre and was made available at Rs 74.45 per litre.
Petrol prices for February 21, in New Delhi was at Rs 71.72 per litre, in Kolkata at Rs 74.44 per litre, in Mumbai at Rs 79.60 per litre and in Chennai at Rs 74.37 per litre.
Similar was the case with diesel prices in India.
On Thursday, diesel declined by 1 paisa each in New Delhi, Mumbai and Chennai to Rs 62.29 per litre, Rs 66.34 per litre and Rs 65.67 per litre, respectively.
In Kolkata, this fuel product saw a fall of 2 paise and was available at Rs 66.98 per litre.
Diesel on February 21, was valued at Rs 62.30 per litre in New Delhi, Rs 64.96 per litre in Kolkata, Rs 66.35 per litre in Mumbai and Rs 65.68 per litre in Chennai.
State-owned oil marketing companies (OMCs) like IOCL, Bharat Petroleum Corp Limited (BPCL) and Hindustan Petroleum Corp Limited (HPCL) have started to bring petrol and diesel prices from February 8.
Meantime, in global oil markets, US crude futures fell 61 cents to $61.06 a barrel, while Brent lost 48 cents to trade at $64.94.
Currently, petrol and diesel price revision in various cities are determined by global crude rates, rupee-dollar exchange rate along with excise duty and VAT levied by the ministry and the state government.
Last year, India gave up on petrol, diesel subsidy and linked prices to the international markets in hope that consumers will benefit as crude oil prices are trading at a third of their lifetime highs.
Zeebiz brings you daily updates on petrol and diesel prices. You can now compare previous day and present day's price change in petrol and diesel prices here.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
01:18 PM IST