New Delhi, March 13: Fuel prices have been turning more volatile, as prices of crude oil have been showing a firm trend. On Wednesday, petrol prices across the country reduced by about 0.5 paise, while diesel prices dipped by 0.7 paise across metropolitan cities. In Mumbai, petrol was prices at Rs 78.04 on Wednesday, a drop of 0.5 paise from Tuesday's price i.e. Rs 78.09. In Delhi, petrol was priced at Rs 72.41 against Rs 72.46 on Tuesday. In Kolkata, petrol was priced at Rs 74.49 against Rs 74.54 on Tuesday while in Chennai, petrol was sold at Rs 75.20 on Wednesday, against Rs 75.25 on Tuesday. Petrol, Diesel Prices in Delhi Touch Lowest Mark Since January 5, 2018; Check Rates in Metros Here.
Meanwhile, diesel in all metro cities saw a dip of 0.07 paise on Wednesday. In Mumbai, diesel was sold at Rs 70.58 against Rs 70.65 on Tuesday while in Delhi, it was sold at Rs 67.37 against Rs.67.44 on Tuesday. In Kolkata, diesel was priced at Rs 69.16 against Rs 69.23 on Tuesday while in Chennai, diesel was sold at Rs 71.20 against Rs 71.27. Delhi Records Lowest Petrol Price After January 2018.
Take a Look at the Fuel Prices in Metro Cities:
|Metro Cities||Petrol Price on March 13||Diesel Price on March 13|
|Delhi||Rs 72.41||Rs 67.37|
|Mumbai||Rs 7804||Rs 70.58|
|Kolkata||Rs 74.49||Rs 69.16|
|Chennai||Rs 75.20||Rs 71.20|
According to reports, in the last year, petrol price in Mumbai touched Rs 91.34 a litre on October 4, 2018 while the average price of crude stood at $80.08 in October. In 2017, the highest level of petrol price in Mumbai stood at Rs 79.99 (on October 3), while the average crude oil price of Indian basket stood at an average of mere $56.43 in FY18.
According to a report by IANS, the hike in retail price of petrol and diesel prices is unlikely to become a problem for the ruling NDA government in the coming general elections as it seems to have tempered its policy of market-determined retail pricing of petroleum products that were hitherto being revised on a daily basis based on international prices.