Petrol, diesel price today: No rate cut for 9 days, demand plummets during lockdown
NEW DELHI : Petrol and diesel prices were left unchanged for the ninth consecutive day today by state-run fuel retailers as India entered into a 21-day nationwide lockdown to check the spread of coronavirus. Crude oil rates have fallen by more than 60% since their January highs but petrol and diesel prices have fallen only by about ₹6 a litre each during the period.
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.
A further drop in fuel rates might be absorbed by a hike in excise duty. Several state governments have also announced increasing VAT on petrol and diesel.
