For the fifth consecutive day, oil marketing companies (OMCs) cut petrol prices on Monday. According to the rate chart, petrol price in Delhi today is at Rs. 75.69 per litre.
Petrol prices were reduced by 14 paise while diesel prices remained unchanged applicable from 6:00 a.m. on 22nd June 2018.
Petrol prices were reduced by 11 paise and diesel prices by 10 paise, applicable from 6:00 a.m. on 21st June 2018. The reduction in diesel prices come after a pause of four consecutive days.
Petrol prices were marginally lowered on Tuesday, adding to the downward movement in fuel rates so far this month. Diesel prices were, however, kept steady.
Petrol and diesel prices were kept unchanged on Monday, June 18. That marked the third straight day of steady prices for petrol and the first in case of diesel. Petrol and diesel prices have eased somewhat from record highs touched in some cities last month.
Rating agency Moody’s has s sounded a note of caution that any reduction in excise duty on petrol and diesel would adversely affect fiscal deficit unless it is matched by a commensurate cut in expenditure.
After a 8 paise prices cut yesterday, Petrol prices were kept unchanged today. Diesel prices were also left unchanged. Retail price for petrol in Delhi was 76.35 a litre, showed the data on Indian Oil’s website. In other cities, petrol price was at Rs 70.40 in Kolkata, Rs 72.24 in Mumbai, Rs 71.62 in Chennai.
Petrol and diesel prices were kept unchanged on Wednesday. While petrol rates were held steady after 14 days of cuts, diesel prices were at the same levels as the previous day after a gap of nine days.
The demand for diesel stayed flat while that for petrol crawled up barely 2% in May when fuel prices claimed record highs in the country.
Retail fuel prices were cut for the 13th straight day on Monday. According to data available on Indian Oil Corporation website, petrol became cheaper by 20-21 paise across all the metro cities of the country while diesel prices were cut by 15-16 paise.