Employees at a petrol Pump in Kolkata. Fuel prices were marginally reduced Wednesday following 16-days of increase. PTI Photo
Petrol and diesel prices were reduced marginally Wednesday by Indian Oil Corporation – India’s top fuel refiner and retailer – bringing in some relief to commuters and traders across the country. The price of petrol was less by 60 paise in New Delhi and 59 paise in Mumbai. Diesel prices were reduced by 56 paise in New Delhi and 59 paise in Mumbai. Today, the price of petrol is at Rs 77.83/litre in Delhi and Rs 85.65/litre in Mumbai while diesel stood at Rs 68.75/litre in Delhi and Rs 73.20/litre in Mumbai.
In Kolkata, price of petrol today is Rs 80.47/litre while in Chennai it is retailing at Rs 80.80/litre. In the NCR region, petrol was priced at Rs 78.60 in Faridabad, Rs 78.35 in Gurgaon, Rs 78.40 in Noida and 78.28 in Ghaziabad.
Price of petrol and diesel in India are linked to Singapore gasoline prices and Arab Gulf diesel prices, which mostly track movements in crude oil prices. Oil prices fell to about $75 a barrel as Saudi Arabia and Russia said they were ready to ease supply curbs that have pushed crude prices to their highest since 2014.