With the latest cut in rates, petrol prices have come down by 1.98 paise in 14 days
The Hush Post: For the consecutive 14th day, fuel prices were cut down on Tuesday. The petrol prices fell by 15 paise in the four metro cities namely Delhi, Mumbai, Kolkata and Chennai, diesel prices were cut by 10-11 paise.
As per the prices announced by Indian Oil Corporation (IOC), petrol was being sold at Rs 76.43 per litre in Delhi, down from Rs 76.58 on Monday. Diesel prices in the national capital were down by 10 paise to Rs 67.85 a litre, a report said.
In Mumbai, petrol now costs Rs 84.26 a litre and diesel Rs 72.24 a litre. On Monday, petrol and diesel in Mumbai were priced at Rs 84.41 and Rs 72.35 a litre, respectively, it was reported.
The price of petrol in other major cities are Rs 79.10 in Kolkata and Rs 79.33 in Chennai. The revised diesel price stands at Rs 70.40 in Kolkata and Rs 71.62 in Chennai, the report said.
With the new cut, petrol prices have come down by 1.98 paise in 14 days. On 29 May, petrol prices had touched a peak of Rs 78.43 a litre in Delhi and Rs 86.24 a litre in Mumbai. Even as the fuel prices have seen a downward trend for 14 days, the relief for consumers has been slow to come by, the report said.
As of Monday, the pace of decline had been less than half the rate of surge. In percentage terms, between May 30 and June 11, petrol prices declined by 2.35 per cent in Delhi, compared to a 5.5 per cent increase in the previous 16 days, it was reported.