Home BUSINESS Petrol Price Cut By 21 Paise Per Litre, Becomes Cheaper For 10th Straight Day

Petrol Price Cut By 21 Paise Per Litre, Becomes Cheaper For 10th Straight Day

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New Delhi: Retail fuel prices were cut again on Friday tracking a fall in global crude oil price and rupee’s appreciation against the US dollar. According to data available on Indian Oil Corporation website, petrol prices were cut by 21 paise per litre in Delhi, Mumbai and Kolkata while in Chennai, it became cheaper by 22 paise. Meanwhile, diesel prices were cut by 15 paise per litre in Delhi, Mumbai and Kolkata and by 16 paise in Chennai.

After today’s revision, non-branded petrol was retailing at Rs 77.42 per litre in Delhi, Rs 80.07 in Kolkata, Rs 85.24 in Mumbai and Rs 80.37 in Chennai.

Meanwhile, diesel was priced at Rs 68.58 per litre in the national capital, Rs 71.13 in Kolkata, Rs 73.02 in Mumbai and Rs 72.40 in Chennai.

This is the 10th straight day of correction in petrol prices. In last 10 days including today, petrol has become cheaper by Rs 1.03 paise per litre in Delhi. At the same time, diesel prices have fallen in nine out of last 10 days.

With the decreasing trend, commuters and agitated citizens have calmed down as exorbitant rates have fallen, albeit not drastically. In fact, prices of global crude prices have also come down in the past few days, leading to further relaxation in prices of petrol and diesel.

Oil Minister Dharmendra Pradhan on Wednesday suggested that the government is working to ensure fuel prices do not pinch customers, adding that there is no question of rolling back fuel price deregulation.

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