Petrol Price Cut By Rs 2 Per Litre In 14 Days, Diesel By Rs 1.5 Per Litre: 10 Points
Petrol and diesel prices today were cut by 15 paise per litre and 10-11 paise per litre. Tuesday marked the 14th straight reduction in the price of petrol while diesel price was lowered for thirteen days since May 29. Currently, petrol and diesel prices are deregulated in the country, which means the rates are market-determined. Oil marketing companies review the prices every day and any changes are effected at fuel stations with effect from 6 am. The two weeks of cuts in petrol and diesel prices come after sixteen days of consecutive hikes last month.
"Petrol prices cut by another 15 paise in Delhi today. Almost two rupees down from its price 14 days ago. Likewise substantial reduction in diesel price as well. Also reflect Brent crude, petrol and diesel prices declining from their peak and steadying," Economic Affairs Secretary Subhash Chandra Garg said on microblogging site Twitter.Â
Here are 10 things to know about petrol and diesel prices today:
1. With effect from 6 am, Tuesday, June 12, petrol prices were at Rs 76.43 per litre in Delhi, Rs 79.1 per litre in Kolkata, Rs 84.26 per litre in Mumbai and Rs 79.33 per litre in Chennai, according to Indian Oil Corporation. Diesel prices were at Rs 67.85 a litre, Rs 70.4 a litre, Rs 72.24 a litre and Rs 71.62 a litre in Delhi, Kolkata, Mumbai and Chennai respectively.
|  | Petrol price (in Rs. per litre) | Diesel price (in Rs. per litre) | ||||
|---|---|---|---|---|---|---|
| Â | 12-Jun | 11-Jun | 29-May | 12-Jun | 11-Jun | 29-May |
| Delhi | 76.43 | 76.58 | 78.43 | 67.85 | 67.95 | 69.31 |
| Kolkata | 79.1 | 79.25 | 81.06 | 70.4 | 70.5 | 71.86 |
| Mumbai | 84.26 | 84.41 | 86.24 | 72.24 | 72.35 | 73.79 |
| Chennai | 79.33 | 79.48 | 81.43 | 71.62 | 71.73 | 73.18 |
| (Source: iocl.com) | ||||||
Petrol prices cut by another 15 paise in Delhi today. Almost two rupees down from its price 14 days ago. Likewise substantial reduction in diesel price as well. Also reflect Brent crude, petrol and diesel prices declining from their peak and steadying.Subhash Chandra Garg (@SecretaryDEA) June 12, 2018
$80 per barrelshort-term and long-term solutions
Location Petrol price inÂ
Rs. per litreDiesel price inÂ
Rs. per litreAgartala 72.22 65.99 Aizwal 72.34 65.18 Ambala 76.54 68.36 Bangalore 77.67 69.02 Bhopal 82.02 71.41 Bhubhaneswar 75.25 72.73 Chandigarh 73.51 65.89 Dehradun 77.76 68.18 Gandhinagar 75.74 72.92 Gangtok 79.5 69.6 Guwahati 78.57 70.82 Hyderabad 80.96 73.75 Imphal 74.52 65.92 Itanagar 72.33 65.14 Jaipur 79.17 72.26 Jammu 78.16 69.02 Jullunder 81.64 67.77 Kohima 74.91 66.22 Lucknow 77.25 68 Panjim 70.43 69.05 Patna 81.91 72.53 Pondicherry 75.23 70.09 Port Blair 65.89 63.6 Raipur 76.84 73.25 Ranchi 76.41 71.64 Shillong 75.83 67.67 Shimla 76.6 67.49 Srinagar 80.85 71.24 Trivandrum 79.53 72.63 Silvasa 74.35 68.67 Daman 74.28 68.6 (Source: iocl.com)
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