Petrol and diesel prices on Saturday surged for the third consecutive day. The fuel prices in India including metro cities New Delhi, Mumbai, Kolkata, Chennai has seen constant growth. Petrol prices in Mumbai on February 16, 2019
Petrol and diesel prices rose for the second straight session on Friday, up by 7 paise and about 6-7 paise, respectively, across all major cities on Friday. Petrol prices in Mumbai stood at Rs 76.10 a litre, while diesel was at Rs 68.83 per litre.
Lower inflation in fuel made India’s wholesale price inflation (WPI) cool to 2.76% in January from 3.8% in December, data released by the commerce and industry ministry on Thursday showed. It was 3.02% in January last year.
Since June 16, 2017, petrol prices in India get revised everyday 6 am in the morning. Before this, petrol prices used to change on a fortnightly basis. Then, a change in petrol rates could occur on the first and 16th day of the month.
Petrol, diesel prices were cut on Tuesday and after today’s price revision, petrol became cheaper by 14-16 paise across major cities of the country while diesel became cheaper by 10-11 paise per litre. In the national capital Delhi,
Fuel prices registered a decline on Friday as petrol was declined by 14 to 18 paise and diesel gets cheaper by 10-11 paise per litre. In the National Capital, petrol is being sold for Rs 70.94 per litre while diesel costs Rs 65.71 a litre.
Fuel prices decline for second time in three days; crude oil rises as Saudi Arabia cuts supply to US, Venezuela exports fall
Fuel prices declined in major cities across the country for the second time in three days on Thursday even as crude oil rates rose for a third day, pushed up by lower imports into the United States amid Organisation of the Petroleum
The prices of petrol and diesel increased by Rs 2 on Monday, with a litre of petrol costing by 74.33 and diesel by 69.67 across Telangana state. Dealers attribute the price rise to the increase in barrel price.
After the continuous drop in fuel prices for last five days, OMCs kept petrol and diesel cost unchanged on Wednesday, after Christmas. Despite that, the fuel prices are now at lowest since March this year.
Petrol and diesel prices have not been hiked in the last two months. In Delhi, petrol price has come down from Rs 81.5 per litre to 71.55 per litre in the last 60 days due to the massive fall in oil prices.