After the daily revision in retail fuel rates, diesel prices fell by 6-11 paise for the second successive day while petrol prices remain unchanged across four metropolitan cities in the country on Friday (July 12).
Despite US President Donald Trump’s decision not to bomb Iran in spite of the downing of a US drone, the crude prices are steadily rising. The momentum of the upward swing of the Brent that has gained about 30 per cent since the beginning of 2019 may carry it towards $100 per barrel
Fuel prices fell on Friday for the second consecutive day, as petrol slipped by 17 paise per litre and diesel by 16 p/l, across major cities of the country. In Delhi, petrol retailed at Rs 70.18 per litre, as against yesterday’s Rs 70.35, while diesel costs Rs 64.17, against Thursday’s 64.33 per litre.
The retail prices of petrol were lowered by 7-9 paise across four metro cities on Thursday (June 13). Diesel prices, on the other hand, were slashed by 6 paise.Petrol prices were cut in New Delhi by 8 paise to Rs 70.35 a litre on Friday as against Rs 70.43 on Wednesday.
As the polling for the 17th Lok Sabha came to an end on 19 May, the state owned oil marketing companies started increasing fuel prices. Interestingly, the diesel and petrol retail prices in the country remained subdued when the general elections were on.
The state-run oil marketing companies have kept the diesel and petrol prices unchanged on Wednesday across Delhi, Mumbai, Kolkata and Chennai. Yesterday, the petrol prices were hiked by 9 paise a litre, while diesel prices were increased by 5 paise a litre.
Petrol, diesel prices were unchanged for the fourth straight day on Wednesday (April 24). In national capital Delhi, petrol is being sold for Rs 72.95 per litre while diesel costs Rs 66.46 a litre, no change compared with yesterday’s price.