:: Technical --- ID :: 16117
Petrol, diesel prices cut for the 2nd consecutive day
Petrol, diesel prices cut for the 2nd consecutive day

Petrol, diesel prices cut for the 2nd consecutive day

Following the daily revision in retail fuel rates, petrol and diesel prices fell across four metro cities for the second successive day in the country on Friday (May 10). Petrol prices in all the metro cities decreased by 20-23 paise per litre while diesel became cheaper by 9-10 paise. 

Petrol prices were reduced in New Delhi by 21 paise to Rs 72.63 a litre on Friday as against Rs 72.84 on Thursday. Diesel in the national capital became cheaper by 9 paise to Rs 66.47 as compared with Rs 66.56 yesterday’s price. In Mumbai, the retail prices of petrol and diesel are Rs 78.23 a litre and Rs 69.65 a litre respectively, according to data available on Indian Oil Corporation website.

Similarly, in Kolkata, petrol is sold at Rs 74.69 a litre, down 20 paise compared with yesterday’s price of Rs 74.88 a litre, and diesel is sold at Rs 68.23, down 9 paise from Rs 68.32 a litre on Thursday. Citizens in Chennai have to shell out Rs 75.40 for a litre of petrol while diesel retailed at Rs 70.26 per litre, 10 paise less than yesterday’s price.

In Noida, petrol is retailing at Rs 72.05 a litre, decrease by 16 paise from Rs 72.21 a litre on Thursday. The price of petrol in Gurugram came down by 17 paise to Rs 72.56 a litre on Friday. Worth mentioning here is that the retail fuel prices in Delhi are the cheapest among all metros and most state capitals due to lower taxes. On Thursday, petrol prices were cut by 15-16 paise per litre while diesel became cheaper by 7-10 paise in all the metro cities.

On Friday, in the international oil market, crude prices went up amid renewed hopes that US would settle a trade dispute with China, pacifying apprehensions that a prolonged tariff tension would hurt global economic growth. International Brent crude oil futures were trading at USD 71.11 per barrel, up 72 cents, or 1 per cent, from their last close.

TIMES NOW   11-05-19