New Delhi: on Tuesday (April 9), Petrol prices were slashed by 5 paisa per litre, while diesel prices remained static across four major cities in the country. In Delhi, petrol is priced at Rs 72.80 as compared with Rs 72.85 on Monday, and diesel price is stable at Rs 66.11 per litre, as per data from Indian Oil Corporation website. The retail fuel prices of petrol and diesel in Delhi are the cheapest among all metros and most state capitals due to lower taxes.

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While talking about metro cities, In Mumbai, petrol is retailing at Rs 78.37 a litre, 5 paise decrease from yesterday’s price while diesel prices remain unchanged at Rs 69.19 a litre. Similarly, in Chennai, the retail prices of petrol and diesel are Rs 75.56 (5 paise decrease) a litre and Rs 69.80 per litre respectively. After today’s rate revision, in Kolkata, the prices of petrol and diesel are Rs 74.82 a litre and Rs 67.85 per litre respectively. Petrol was sold at Rs 74.87 a litre while the price of diesel was Rs 67.85 per litre in Kolkata on Monday.

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To be noted that here that state-run oil marketing companies kept the retail petrol and diesel prices unchanged across major cities of the country on Monday (April 8). So far this year, petrol price went up by about Rs 4 per litre in major cities of the country. In tandem with petrol, diesel prices have been increased by 5 a litre. On Tuesday, in the international oil market, crude prices fell amid sluggish economic outlook.  International Brent crude oil futures were peaked to the highest level since last November at USD 71.34 per barrel, before dropping to USD 70.96 barrel, down 14 cents, or 0.2 per cent, from their last close. Global crude oil prices rose approximately 7 per cent in the last one month, with Brent crude past 70/dollar mark, and this sudden surge has increased India’s import bills.