No Change In Petrol, Diesel Prices On Wednesday

Petrol, diesel prices remained unchanged across the major cities of the country on Wednesday. after five straight days of cut. It may be noted that retail fuel prices are already hovering around their lowest level since March. In the national capital Delhi, non-branded pertol is priced at Rs 69.79 on Wednesday, no change compared to Tuesday. Similarly, diesel price was also unchanged at Rs 63.83 on Wednesday, according to data available on Indian Oil website.

In the country’s business capital Mumbai, petrol is sold at Rs 75.41 and diesel is sold at Rs 66.79 per litre. In the other two metros like Chennai and Kolkata, petrol is sold at Rs 72.41 and Rs 71.89 respectively and diesel in these cities are retailing at Rs 67.38 and Rs 65.59 respectively.

In Noida petrol is priced at Rs 69.79 and diesel is sold at Rs 63.27 per litre. In Gurugram, petrol is sold at Rs 70.82 on Wednesday and diesel is retailing at Rs 63.89.

Although retail fuel prices were unchanged today, these are likely to witness a big cut in the coming days as international crude prices have fallen to their lowest level since 2017.  Since October this year, crude oil prices have corrected over 40 per cent. Brent crude, a global benchmark for crude prices, hit $50 per barrel mark on Monday.

The crude price fall brings cheer for India as the country imports more than 80 per cent of its crude requirement. Meanwhile, the Indian rupee has also appreciated against the US dollar, which suggests further cut in petrol, diesel prices in coming days.

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