Petrol and diesel prices are on a downward trend, with the oil marketing companies lowering the rates every day since March 14. Petrol rates across the metros have since been lowered by a cumulative 26-29 paise per litre while diesel rates have been brought down by 14-15 paise per litre, according to Indian Oil.
So far this month, however, petrol prices have gone up by 68-72 paise per litre and diesel rates risen by 56-60 paise per litre.
In 2018 so far, petrol prices have increased by Rs. 2.23 per litre in Delhi, Rs. 2.22 per litre in Kolkata, Rs. 2.2 per litre in Mumbai and Rs. 2.34 in Chennai. Diesel prices have been increased by Rs. 3.07, Rs. 3.1 per litre, Rs. 3.51 per litre and Rs. 3.29 per litre, respectively.
Petrol and diesel rates are revised with effect from 6 am every day.
Petrol and diesel retailers in the country – with Indian Oil Corporation being the largest – adopted a daily price revision system from June 2017. Read More
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