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Petrol, Diesel Become Cheaper On Thursday

State-run oil marketing companies on Thursday slashed retail petrol and diesel prices across cities. After today’s price revision, petrol became cheaper by 10 paise across four metropolitan cities of the country while diesel rates are down by 8-9 paise. In the national capital Delhi, petrol is priced at Rs 71.09 a litre as against Rs 71.19 yesterday and diesel is retailing at Rs 65.81 as compared to Rs 65.89. 

With a revision of prices, petrol and diesel are priced at Rs 76.72 and Rs 68.91 per litre respectively in Mumbai, as per data available on Indian Oil Corporation website. Citizens in Chennai have to shell out Rs 73.80 for a litre of petrol while diesel retailed at Rs 69.52 per litre. In Kolkata, petrol and diesel are retailing at Rs 73.18 and Rs 67.59 respectively. 

In Noida, a litre of petrol is being retailed at Rs 70.82 (decrease by 8 paise), while diesel is being sold at Rs 64.98 a litres (decrease by 7 paise). In Gurugram, petrol is being sold at Rs 71.85 after today’s price revision. Meanwhile, diesel in Gurugram is being sold Rs 65.60 per litre. 

It is worth noting that in October last year, petrol prices had climbed to a record high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai. Diesel touched Rs 75.45 a litre in the national capital and Rs 80.10 in Mumbai.

Meanwhile, crude prices, in the international oil market, went up on Thursday amid indications of lower imports into the United States as part of efforts by OPEC to tighten the market. International Brent crude oil futures were trading at USD 62.17 per barrel, up 52 cents, or 0.8 per cent from their last close.

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