Petrol, diesel price today: No rate cut for 13 days, crude oil slumps another 5%
NEW DELHI : Even as crude oil rates slumped another 5% to below $25 a barrel, petrol and diesel prices were left unchanged for the 13th day in a row today. Fuel rates are directly dependent on crude oil rates as India imports more than 80% of its crude oil requirements.
In Delhi, a litre of petrol is priced at ₹69.59 per litre and diesel at ₹62.29 per litre today. In Mumbai, petrol is selling at ₹75.30 per litre and diesel at ₹65.21 per litre. In Chennai, a litre of petrol will cost ₹72.28 per litre whereas diesel is now priced at ₹65.71 per litre. In Bengaluru, petrol is now selling at ₹71.97 and diesel at ₹64.41. In Hyderabad, petrol pumps are charging ₹73.97 for petrol and ₹67.82 for diesel. If you are in Gurgaon, you will have to shell out ₹70.21 for petrol and ₹62.08 for diesel.
After hiking the excise duty on the two fuels by ₹3 a litre earlier this month, the finance ministry is now considering another round of hike. Since the oil marketing companies have enough room to cut rates, a hike in excise duty might not translate into a hike in retail prices.
