Petrol, diesel prices slashed for 3rd straight day. Check latest rates

New Delhi: Petrol, diesel prices were slashed for the third straight day on Saturday. In major cities across India, petrol today became cheaper by 28-30 paise. Diesel across the country also became cheaper by 25-27 paise on Saturday.

After today’s price revision, petrol in National Capital Delhi was retailing at Rs 74.04, down 29 paise from Friday’s rate of Rs 74.33. Diesel in Delhi was priced at Rs 67.15 per litre, down 28 paise from yesterday.

In Mumbai, while petrol prices came down to Rs 79.65 per litre from Rs 79.93, diesel also became cheaper as price went down 78 paise to 70.39 per litre. In Noida, petrol became 23 paise cheaper and was retailing at Rs 72.49 per litre. Diesel in the city became 44 paise cheaper was priced at Rs 67.42 on Saturday.

In Kolkata and Chennai, petrol prices dropped 29-31 paise and people have to shell out Rs 70.67 and Rs 76.90 respectively for a litre of petrol. Diesel in both cities became cheaper by 20 and 67 paise and was retailing at Rs 69.51 and Rs 70.94 respectively.

In Gurugram, people have to shell out Rs 73.41 for a litre of petrol and Rs 66.26 for a litre of diesel. In Bengaluru, petrol and diesel on Saturday were retailing at Rs 76.51 and Rs 69.38 respectively.

It is to be noted that the pump prices of fuel are dependent on the global crude oil prices and the rupee-US dollar exchange rate because of the country’s daily pricing mechanism. The rupee on Friday closed almost flat at 70.88 against the US dollar after the Reserve Bank of India in a widely expected move cut key interest rates by 0.25 percentage point.

In the international oil market, oil prices rose about 1 per cent on Friday as an increase in U.S. jobs eased some financial market concerns about slowing global economy potentially denting oil demand. However, crude fell more than 5% on the week, its second consecutive weekly decline.
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