Retail petrol and diesel prices across major cities…read Inside

Apr 08 2019 10:43 AM
Retail petrol and diesel prices across major cities…read Inside

New Delhi: On Monday, State-run oil marketing companies kept the retail petrol and diesel prices unchanged across major cities of the country (April 8). In national capital Delhi, petrol is being sold for Rs 72.85 per litre while diesel costs Rs 66.11 a litre, no change compared with yesterday’s price.  On Sunday, the prices of petrol and diesel were slashed by 6 paise and 8-9 paise, respectively, across metro cities. The retail 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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To be noted that Prices in major cities, in Mumbai, citizens have to shell out Rs 78.42 for a litre of petrol while diesel costs Rs 69.19 per litre, as per data available with Indian Oil Corp website. Similarly, in Kolkata, petrol and diesel are selling for Rs 74.87 a litre and Rs 67.85 per litre, no change in rates against yesterday’s prices. People in Chennai have to pay Rs 75.61 for a litre of petrol while diesel retailed at Rs 69.80 per litre. In Noida also, petrol price remained stable at Rs 72.19 and diesel price at Rs 65.23. In Gurugram, petrol, diesel prices remained unchanged at Rs 72.73 and Rs 65.33 respectively.

It may be noted that petrol price has gone up by about Rs 4 per litre in major cities of the country, while diesel prices have been hiked by 5 a litre since the beginning of this year. The price of petrol and diesel prices in the country is dependent on the global crude prices and the rupee-US dollar exchange rate as India imports 80 per cent of its crude requirements. On Monday, in the international oil market, crude prices went up to five-month highs triggered by OPEC’s supply cuts, US curbs against Iran and Venezuela and robust US jobs data. International Brent crude oil futures were trading at USD 70.69 per barrel, up 35 cents or 0.5 per cent from their last close.

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