Petrol, diesel prices to come down over coming weeks: IndianOil Chairman
The petrol and diesel prices are expected to cool down over the coming weeks as global petroleum product prices are also easing according to IndianOil.
The price of petrol fell by 10 paisa to ₹74.51 per litre and diesel by 6 paisa to ₹67.43 a litre on Thursday. This is first cut in auto fuel prices since September 14 after a drone attack on Saudi Arabia’s crude oil processing facilities hit the Kingdom’s oil production by half.
“The price of products was also affected after the attack in Saudi Arabia because the refinery throughput had gone down. Gasoline (petrol) and diesel price had gone up,” IndianOil Chairman Sanjiv Singh told BusinessLine at the sidelines of the World Economic Forum’s 33rd India Economic Summit hosted in collaboration with the Confederation of Indian Industry (CII).
