New Delhi: Oil marketing companies have been lately lowering the sale of diesel, with today’s curtail prices being the third this week. Thus, there is no recess for petrol customers as prices remain the same.
Diesel prices were lowered by 20 paise per litre from Rs 89.47 per litre to Rs 89.27 in the national capital while in Mumbai the cost of diesel has been amended to Rs 96.84 per litre..
Here is looking at the price variations of fuel in four metro cities on August 20, 2021.
City Petrol Diesel
Delhi 101.84 89.27
Mumbai 107.83 97.84
Chennai 99.47 93.84
Kolkata 102.08 92.52
Check petrol, diesel prices in your city, here is how to do itIn India, petrol and diesel costs are amended daily in the morning at 6 AM. Anyone can easily check the price of petrol and diesel by sending an SMS to 9224992249. All you need to is type RSP <space> Petrol Pump Dealer Code and send it to 9224992249. You can find the RSP code of your area by visiting the official site of the petrol pump near you.
The fall in global oil should have resulted in almost Rs 2 per litre less on retail price of fuel. However, OMCs still want to see market movements before making further cuts.
In Mumbai, where petrol price surpassed the Rs 100-mark for the first time ever on May 29, the fuel price is at Rs 107.83 per litre. Diesel price in the city is also down to Rs 97.24 a litre, the highest among metros. Petrol rates in all metros have already surpassed the Rs 100 per litre-mark. In Chennai, petrol is rated at Rs 99.47 a litre and in Kolkata Rs 102.08 a litre. Diesel is also rated at Rs 94.20 and Rs 92.82 per litre in both cities consecutively. In Chennai, petrol prices dropped by almost Rs 3 per litre on August 14 after the state government deducted VAT on the fuel.
The long price pause for auto fuels has come after fuel prices hiked for 41 days in the current financial year. The 41/- hike has soared petrol prices by Rs 11.44 per litre in Delhi. Likewise, the diesel rate has surged by Rs 8.94 per litre in the national capital.
Prices of both auto fuels lowered only once in April by 16 and 14 paise per litre respectively. Diesel price was also lowered by 16 paise per litre in Delhi on July 12 and again now on August 18.
Since April 2020, petrol rates have soared by Rs 32.25 per litre from Rs 69.59 a litre to Rs 101.84 a litre now in Delhi. Likewise, diesel rates during the period have swelled by Rs 27.38 per litre from Rs 62.29 to Rs 89.87 a litre in the national capital.
Global crude prices have now diminished below $ 70 a barrel after it swung in all directions in July commencing with a low of $70 a barrel to quickly increase to over $ 77 a barrel, only to fall soon below $ 70 a barrel and exceeding $ 75 a barrel later in the month.