Petrol prices dipped by 8p/l; no cut in diesel rates

New Delhi: After a four day lull petrol prices dropped marginally on Tuesday, adding to the downward movement in fuel rates so far this month. Diesel prices were, however, kept steady. The reduction in petrol prices was in the range of 8-12 paise per litre and came after three consecutive days of no change in prices. Diesel prices remained unchanged for the second consecutive day today.

State-run oil marketing companies Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation currently review domestic petrol and diesel rates on a daily basis. Petrol prices were at Rs. 76.27 per litre in Delhi, Rs. 78.94 per litre in Kolkata, Rs. 84.06 per litre in Mumbai and Rs. 79.16 per litre in Chennai, on Tuesday, IOCL announced. Diesel prices were at Rs. 67.78 a litre, Rs. 70.33 a litre, Rs.72.13 a litre and Rs. 71.54 a litre in Delhi, Kolkata, Mumbai and Chennai respectively.

From May 14 to May 29, petrol prices were increased in the range of Rs. 3.74-4 a litre and diesel prices raised by Rs. 3.23-3.62 a litre across the four metros. That led to the fuel prices touching all-time highs in some cities including Delhi and Mumbai.(UNI)