Petrol and diesel prices in major Indian cities reduced marginally today bringing relief to many consumers. Petrol prices reduced by 24 paise and diesel by 27 paise, it was Rs 72.45 a litre in Delhi, Rs 78.11 a litre in Mumbai, Rs 75.13 a litre in Kolkata and Rs 75.27 a litre in Chennai. Diesel was costing Rs 65.43 a litre in Delhi, Rs 68.57 a litre in Mumbai, Rs 67.79 per litre in Kolkata and Rs 69.10 a litre in Chennai, according to the Indian Oil Corporation website.
This month petrol has become cheaper by 82 paise per litre and diesel by 85 paise a litre in Delhi. Global crude oil prices fell by 1 per cent yesterday as Russia said it needed more time before committing to cut output sought by other large producers.
In India the retail prices of fuel are dependent on fluctuations in international crude prices as well as the rupee-US dollar exchange rate since India imports around 80 per cent of its oil requirements. Price revisions were implemented at fuel stations from 6.00 a.m. onwards.
