Petrol, diesel prices to decline further: Petroleum Minister Dharmendra Pradhan

Transport fuel prices in the country, which have been on a slide for some time, will decline further, Petroleum Minister Dharmendra Pradhan said on Wednesday.

Under the daily dynamic pricing regime for fuels, petrol prices have fallen to their lowest levels in over a year across the four major metros.

Speaking to reporters on the sidelines of an event here to hand over the 6 croreth free cooking gas (LPG) connection to poor households under the Ujjwala Yojana, Pradhan said the government is expanding the refinery capacity in the country which will bring down the prices of diesel and petrol further.

In tandem with the sharp decline in global crude prices over the last two months, petrol in Delhi sold at Rs 68.65 per on Wednesday, as per Indian Oil Corp data. 

The prices remained unchanged from those on Tuesday. In Kolkata, Mumbai and Chennai, petrol per litre on Wednesday cost Rs 70.78, Rs 74.30 and Rs 71.22, respectively. 

The prices for diesel per litre in Delhi, Kolkata, Chennai and Mumbai on Wednesday stood at Rs 62.66, Rs 64.42, Rs 66.14 and Rs 65.56, respectively.