New Delhi, April 16: Petrol and diesel prices in India remained unchanged for a month now on Thursday, April 16. The fuel prices across all major cities in India were changed on March 16 and have been the same since then. The rates continued to be the same owing to the losses incurred by oil marketing companies due to coronavirus pandemic. According to the official website of Indian Oil Corporation (IOC), the retail pump price of petrol in Delhi was Rs 69.59 per litre while in Mumbai it was Rs 76.31 per litre on Thursday. In Kolkata, petrol was sold at Rs 73.30 per litre while in Chennai, the retail pump price of petrol was Rs 72.28. Check Fuel Rates in India on April 16, 2020.
Meanwhile, the retail pump of diesel in Delhi was Rs 62.29 per litre on Thursday, April 16 while in Mumbai, it was Rs 66.21 per litre. In Kolkata, the retail pump price of diesel was Rs 65.62 while in Chennai, diesel was sold at Rs 65.71 per litre. Reports inform that demand for petrol and diesel plunged by around 70% during lockdown.
Check Petrol & Diesel Price in Metro Cities on April 16, 2020:
|Metro Cities||Petrol Price/ Ltr||Diesel Price/ Ltr|
|Mumbai||Rs 75.31||Rs 65.21|
|Delhi||Rs 69.59||Rs 62.29|
|Chennai||Rs 72.28||Rs 65.71|
|Kolkata||Rs 73.30||Rs 64.62|
The state-run fuel retailers change the domestic petrol and diesel prices on a daily basis. Since June 2017, fuel prices in India are revised daily at 6 am every day. Before this prices were revised every fortnight. The fuel prices are dependent on the international crude prices and the rupee-US dollar exchange rate as India imports almost 80 per cent of its crude requirements.
(The above story first appeared on LatestLY on Apr 16, 2020 10:43 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).