INSUBCONTINENT EXCLUSIVE:
Petrol, diesel today: Domestic petrol and diesel prices are effected at fuel stations at 6 am every day
Petrol prices today were lowered by 21-22 paise per litre in Delhi, Kolkata,
Mumbai and Chennai, compared with the previous day's rates
Diesel prices were decreased by 15-16 paise per litre, according to Indian Oil Corporation
Friday marked the tenth straight day of price cut for petrol and ninth in 10 days in case of diesel
State-run oil marketing companies - with Indian Oil Corporation being the country's largest - currently review the prices on a daily basis,
tracking global crude oil and rupee-dollar forex rates, among other factors
Domestic petrol and diesel prices are effected at fuel stations at 6 am every day.1
With effect from 6 am on Friday, June 8, petrol and diesel prices were at Rs 77.42 per litre in Delhi, Rs 80.07 per litre in Kolkata, Rs
85.24 per litre in Mumbai and Rs 80.37 per litre in Chennai, according to Indian Oil Corporation
Diesel prices were at Rs 68.58 per litre, Rs 71.13 per litre, Rs 73.02 per litre and Rs 72.4 per litre in Delhi, Kolkata, Mumbai, and
per litre)Diesel price (in Rs
8662.3Mumbai85.2485.4586.2477.8773.0273.1773.7963.27Chennai80.3780.5981.4372.5372.472.5673.1862.83(Source: iocl.com)2
Including Friday, petrol prices have been increased by few paise every day over 10 days
Diesel prices have also been reduced every day over this period except June 3, when the rates were kept unchanged.3
During this period, petrol prices have been lowered by Rs 1.01 per litre in Delhi, 99 paise per litre in Kolkata, Rs 1 per litre in Mumbai
and Rs 1.06 per litre in Chennai, Indian Oil Corporation data shows
Similarly, diesel prices have been brought down by 73 paise a litre in Delhi and Kolkata each, 77 paise per litre in Mumbai and 78 paise a
These cuts come after sixteen consecutive hikes in petrol prices in May, a month during which international crude oil prices touched their
2014 peaks, around $80 a barrel and the rupee slipped to an 18-month low of 68.42 against the US dollar.5
Oil minister Dharmendra Pradhan on Thursday voiced optimism that petroleum products will be brought under the GST purview, which will help
in checking volatility in fuel prices
"In the long run, petroleum products are bound to be included within the ambit of the GST regime It is only a matter of time
It will immensely help in containing prices of petrol and diesel," Mr Pradhan told reporters in Bhubaneswar, according to news agency Press
He, however, declined to specify any timeline on bringing petroleum products under GST
Petrol prices are currently regulated by states which levy their respective sales taxes or value added tax on these fuels.State
litreAgartala73.1166.66Aizwal73.2465.85Ambala77.5369.09Bangalore78.6869.76Bhopal83.0372.18Bhubhaneswar76.2373.52Chandigarh74.4666.6Dehradun7
8.5468.91Gandhinagar76.7273.71Gangtok80.4570.3Guwahati79.671.6Hyderabad82.0174.54Imphal75.4966.64Itanagar73.2665.83Jaipur80.1873.03Jammu79.1
269.74Jullunder82.6668.48Kohima75.8666.92Lucknow78.0268.74Panjim71.3569.8Patna82.8973.27Pondicherry76.1970.84Port
Blair66.7164.27Raipur77.8174.04Ranchi77.1872.4Shillong76.7868.38Shimla77.5868.21Srinagar81.8171.96Trivandrum80.5573.4Silvasa75.369.4Daman75.
2369.33(Source: iocl.com)7
Brent crude oil prices, the international benchmark for oil prices, were near $77.50 per barrel on Friday.8
The rupee on Thursday declined 20 paise to close at 67.12 against the US dollar, retreating sharply from a one-month high registered the
At 67.12, the rupee is down 5 per cent against the greenback so far this year.9
Higher crude oil prices and weakness in the rupee against the US dollar make imports costlier for domestic refiners
India imports the bulk of its energy requirements.10
Despite latest cuts in fuel rates, petrol and diesel prices are up Rs
7.45 per litre in Delhi, Rs
7.35 per litre in Kolkata, Rs
7.37 per litre in Mumbai and Rs
7.84 per litre in Chennai so far this year, Indian Oil Corporation data shows
9.57 per litre in Delhi, Kolkata, Mumbai and Chennai respectively.
