Petrol and diesel prices in India were slashed by 30 paise a litre and 25 paise a litre, respectively, on Wednesday as crude oil rates drop...
Petrol and diesel prices in India were slashed by 30 paise a litre and 25 paise a litre, respectively, on Wednesday as crude oil rates dropped due to a price war between Saudi Arabia and Russia. In Delhi, however, the prices of petrol and diesel went down by Rs 2.69 and Rs 2.33 per litre, respectively.
Fuel prices have been on the decline since February 27, and are likely to continue plummet further for the rest of the week. Rates have fallen by around Rs 5 a litre so far in 2020, according to Mint.
In Delhi, a litre of petrol was available at Rs 70.29 per litre and diesel at Rs 63.01 per litre on Wednesday. In Mumbai, petrol was selling at Rs 75.99 per litre and diesel at Rs 65.97 per litre. In Chennai, a litre of petrol will now cost Rs 73.02 per litre whereas diesel will be Rs 66.48 per litre.
On Monday, petrol prices dropped below the Rs 71-mark for the first time since early July 2019 as crude oil prices fell heavily – the highest since 1991 – as Saudi Arabia started a price war with Russia. Saudi Arabia slashed its prices and said it would release its hoarded supply into a market...
