Petrol prices cut for the seventh day in a row

Marco Green
June 5, 2018

Fuel prices dropped for the seventh consecutive day on Tuesday as the prices of petrol and diesel were cut by 13 paise and 9 paise respectively in New Delhi.

Drivers feeling the pinch of high petrol prices should use price cycle information and fuel price websites and apps to shop around, as petrol prices in some cities reached their highest levels in nearly four years in May.

Prices vary from state-to-state depending on local sales tax or VAT. Excise duty, charged by the Centre, on the other hand is fixed and does not change with change in retail price. Since June 1, it has come down by 39 paise for petrol and 28 paise for diesel.

Petrol now costs Rs 77.83 in Delhi, while in Mumbai it costs Rs 85.65 per liter.

The cost of unleaded petrol jumped 5.1 per cent to an average 142.5 cents a litre in most capital cities during the past three months, a survey by comparison website comparethemarket.com.au found. Diesel price in Delhi was Rs 68.88 per liter and Rs 73.33 in Mumbai.

After hitting all-time high of Rs 78.43 a litre for petrol and Rs 69.31 for diesel on May 29, rates have marginally fallen during the subsequent days on softening in global oil prices and rupee strengthening against the USA dollar.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER