Petrol and diesel prices cut ahead of assembly elections
State-owned oil marketing companies (OMCs) cut petrol and diesel prices on Wednesday—after holding them steady for 25 days, in the run-up to the assembly elections in West Bengal, Assam, Kerala, Tamil Nadu, and Puducherry.
As a result, while the price of petrol fell by 18 paise per litre in Delhi, diesel price was cut by 17 paise per litre. Petrol and diesel were retailing at Rs90.99 per litre and Rs81.30 per litre, respectively, on Wednesday in Delhi.
Fuel prices in India have been at a record high after the Organization of the Petroleum Exporting Countries (Opec)-plus grouping’s decision to continue with crude oil curbs. There has been a moderation in global crude oil prices after maintaining an upward trajectory.
