Relief for Delhiites: Petrol, diesel prices to decline further; likely to become cheaper than rates in UP
Business | December 04, 2018 16:08 ISTThe cost of petrol in Delhi is now back to where it was in February while diesel is at mid-May levels.
The cost of petrol in Delhi is now back to where it was in February while diesel is at mid-May levels.
Petrol prices have reached below Rs 74-mark for the first time in the last eight months, whereas diesel is now at its cheapest in the last three months.
Petrol price in Delhi was cut by 50 paisa to Rs 73.57 per litre, according to a price notification issued by state-owned fuel retailers.
Prices vary from region to region due to local taxes, as the products are excluded from the GST regime. Delhi has the lowest tax rate among the four metros.
The revised rates of petrol and diesel in Mumbai stood at Rs 82.80/litre (decrease by 14 paise/litre) and Rs 75.53 (decrease by 10 paise/litre).
Trump tweeted, "Hopefully, Saudi Arabia and OPEC will not be cutting oil production. Oil prices should be much lower based on supply!
Petrol and diesel prices in Delhi are Rs 78.06 per litre (decrease by Rs 0.15) and Rs 72.74 per litre (decrease by Rs 0.15), respectively.
The oil prices had peaked last month, which forced the government to intervene with a price cut. Since then the downward trend has been sharpened by a slump in international crude rates.
The revised rates of petrol and diesel in Delhi stood at Rs 78.56 per litre (decrease by 22 paise per litre) and rs 73.16 per litre (decrease by 20 paise per litre) respectively.
Fuel prices touched their record high of Rs 84 per litre for petrol and Rs 75.45 a litre for diesel in the previous month.
The rates are off their record high of Rs 84 per litre for petrol and Rs 75.45 a litre for diesel touched on October 4.
The revised rates of petrol and diesel in Delhi stood at Rs 79.75/litre (decrease by 30 paise/litre) and Rs 73.85/litre (decrease by 20 paise/litre) respectively.
The revised rates of petrol and diesel in the national capital stood at Rs 80.05/litre (decrease by 40 paise/litre) and Rs 74.05/litre (decrease by 33 paise/litre).
The petrol prices were slashed by 40 paise in Delhi, taking the rate to Rs 80.45/litre.
Petrol prices in Delhi were slashed to Rs 80.85/litre from Thursday's Rs 81.10/litre, implying a 25 paise cut.
Petrol prices in Delhi were slashed to Rs 81.10 from Wednesday's Rs 81.25, implying a 15 paise cut.
Long queues were witnessed at COCO outlets that were the only lifeline for motorists in the national capital.
The revised rates of petrol and diesel as per Monday in Delhi stood at Rs 81.44/litre and Rs 74.92/litre respectively.
In Delhi, petrol now costs Rs 81.74 a litre and diesel is priced at Rs 75.19 per litre. In Mumbai, petrol is sold for Rs 87.21 per litre and diesel at Rs 78.82.
The revised rates of petrol and diesel in Delhi stood at Rs 82.72 per litre and Rs 75.46 per litre.
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