Diesel fall continues as petrol holds firm
Wednesday, March 22, 2023

Diesel fall continues as petrol holds firm

By IANS Updated: Sep 29, 2020 1:34 pm

New Delhi, Sep. 29 (IANS): Diesel is getting cheaper by the day in the country on the back of subdued product prices and almost steady crude oil prices globally.

On Tuesday, pump price of the auto fuel fell by 8 paisa per litre across all major metros.

In the national capital, diesel is now priced INR 70.63 per litre, 8 paise down from INR 70.72 a litre on Monday.

Similarly, prices of the fuel also fell in the other metros.

In Mumbai, Chennai and Kolkata, the fuel was sold at INR 77.04, INR 76.10 and INR 74.15, respectively on Tuesday, compared to the previous levels of INR 77.12, INR 76.18 and INR 74.23 per litre.

Diesel prices have now fallen for five consecutive days. In earlier months as well, diesel had maintained a consistent fall.

Oil marketing companies, however, kept petrol prices unchanged for the six consecutive days.

In Delhi, Mumbai, Chennai and Kolkata, petrol was priced at INR 81.06, INR 87.74, INR 84.14 and INR 82.59 per litre, respectively.

The recent fuel price fall is on the back of expectation of slowing demand for oil globally as a second wave of coronavirus spike threatens further derail economic activity.

Brent crude price is also subdued around $42 a barrel.

For domestic auto fuel consumers, the price fall has been a bonanza amidst the current tough economic conditions.

With the price cut on Tuesday, diesel has now become cheaper by INR 2.93 per litre in Delhi this month.

By IANS Updated: Sep 29, 2020 1:34:46 pm