With the Organisation of the Petroleum Exporting Countries (OPEC) remaining non-committal on crude oil supply cut at its Vienna meeting, fuel prices now appear to be heading for another slide in India.
Petrol and diesel prices, down by about 15% in the last 2 months, dropped by 40 paise and 41 paise, respectively, today. Petrol costs Rs 70.92 per litre in Delhi, Rs 71.46 in Bengaluru, Rs 76.50 in Mumbai, Rs 73.57 in Chennai and Rs 72.97 in Kolkata.
A litre of diesel, on the other hand, costs Rs 65.55 in Delhi, Rs 65.88 in Bengaluru, Rs 68.59 in Mumbai, Rs 69.19 in Chennai and Rs 67.28 in Kolkata.
In November, when crude oil rates fell by around 22% in the international market, petrol prices, however, fell by only about 9% in India. Read More