INSUBCONTINENT EXCLUSIVE:
For the fifth day in a row, petrol and diesel prices remained constant across citiesFor the fifth day in a row, petrol and diesel prices
remained constant across cities.In Delhi, petrol is now being sold (same as yesterday's price) for Rs 75.55 a litre, Rs 78.23 a litre in
Kolkata, Rs 82.99 a liter in Mumbai and Rs 78.40 in Chennai
Similarly, diesel is being sold for Rs 67.38 in Delhi, Rs 69.93 in Kolkata, Rs 71.49 in Mumbai and Rs 71.12 in Chennai
Oil marketing companies (IOC, HPCL BPCL) revise the prices of petrol, diesel on a daily basis
The daily prices are made effective from 6 am.The last time when petrol, diesel prices were slashed was on June 26 when petrol price came
down in the range of 14 to 18 paise, and diesel was slashed in the range of 10-12 paise.Until June 26 (the day when the last daily price cut
cutsFuel price cuts have been taking place for over one month now
During this time, petrol prices have fallen by Rs 2.88 a litre in Delhi from its peak of Rs
Similarly, diesel prices have come down by Rs 1.93 a litre since May 29 when the fuel touched a high of Rs 69.31
In Mumbai and Chennai, petrol prices were cut by Rs
3.03, respectively, during this period
Diesel prices fell by Rs 2.30 and Rs 2.06 in Mumbai and Chennai, respectively.Petrol prices in non-metro citiesDiesel prices in non-metro
citiesThe central government raised excise duty on petrol by Rs
11.77 a litre and that on diesel by Rs
13.47 a litre in nine instalments between November 2014 and January 2016 to shore up finances as global oil prices fell.
