NEW DELHI: Domestic fuel prices fell round 30 paise on Saturday as the cost of petrol touched contemporary low ranges for 2018 across the four metros.
In the national capital, petrol worth used to be at Rs 69.26 in keeping with litre, 29 paise down from the Friday's ranges of Rs 69.55 in keeping with litre, knowledge at the Indian Oil Corp's site showed.
Cost of the fuel in Delhi fell underneath the Rs 70 in keeping with litre mark on December 24 for the primary time within the yr since January.
In Kolkata, Mumbai and Chennai too, prices of the fuel fell to new lows for the yr at Rs 71.37, Rs 74.89 and Rs 71.85 respectively, down from the former ranges of Rs 71.65, Rs 75.18 and Rs 72.16 in keeping with litre.
The decline in domestic fuel prices comes amid the recent fall in world crude oil prices.
As in keeping with the country's dynamic pricing mechanism, the domestic fuel prices rely upon world fuel prices on a 15-day moderate and the price of the rupee.
Diesel prices additionally declined in step with petrol. In Delhi, Kolkata, Mumbai and Chennai, diesel prices fell to Rs 63.32, Rs 65.07, Rs 66.25 and Rs 66.84, from the former ranges of Rs 63.62, Rs 65.37, Rs 66.57, Rs 67.16 in keeping with litre.
In the national capital, petrol worth used to be at Rs 69.26 in keeping with litre, 29 paise down from the Friday's ranges of Rs 69.55 in keeping with litre, knowledge at the Indian Oil Corp's site showed.
Cost of the fuel in Delhi fell underneath the Rs 70 in keeping with litre mark on December 24 for the primary time within the yr since January.
In Kolkata, Mumbai and Chennai too, prices of the fuel fell to new lows for the yr at Rs 71.37, Rs 74.89 and Rs 71.85 respectively, down from the former ranges of Rs 71.65, Rs 75.18 and Rs 72.16 in keeping with litre.
The decline in domestic fuel prices comes amid the recent fall in world crude oil prices.
As in keeping with the country's dynamic pricing mechanism, the domestic fuel prices rely upon world fuel prices on a 15-day moderate and the price of the rupee.
Diesel prices additionally declined in step with petrol. In Delhi, Kolkata, Mumbai and Chennai, diesel prices fell to Rs 63.32, Rs 65.07, Rs 66.25 and Rs 66.84, from the former ranges of Rs 63.62, Rs 65.37, Rs 66.57, Rs 67.16 in keeping with litre.
Fuel prices down 30 paise, petrol at new 2018 low
![Fuel prices down 30 paise, petrol at new 2018 low]()
Reviewed by Kailash
on
December 29, 2018
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