NEW DELHI : Oil marketing companies (OMCs) on Thursday cut diesel price for the first time in close to six months and reduced the retail selling rate by 16 paise per litre. The price of petrol was retained at the existing ₹82.08 per litre.
Diesel now costs ₹73.40 per litre in Delhi, as against ₹73.56 a litre previously, according to a price notification of state-owned fuel retailers. In other cities, Diesel rates are as follows — ₹78.71/litre in Chennai as against ₹78.86 previously; ₹76.90/litre in Kolkata, down from ₹77.06 previously; ₹79.94/litre in Mumbai as against ₹80.11 previously.
Today’s revision in diesel rates is the first reduction since mid-March. Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) had kept the diesel prices unchanged for 82 days to adjust a record hike in excise duty on auto fuels against falling benchmark cost.
