Get Your Tanks Full As Fuel Prices Drops Again!

News World India | 1
| January 5 , 2019 , 17:50 IST

Fuel prices fell again on Saturday and touched new lows at the beginning of this year. Petrol prices dropped by 15-16 paise while Diesel rates cut around 18-20 paise today.

Petrol price in the national capital touched a new low of Rs Rs 68.29  as against Rs 68.45 yesterday. Diesel in Delhi priced at Rs 62.26  per litre, down 14 paise compared to yesterday's price.

Fuel price chart shows that petrol is now at its lowest rate since October 2017.

                                                     Petrol      Diesel

         Mumbai                        Rs.73.95      Rs.65.14

        Chennai                          Rs.70.85      Rs.65.72

        Kolkata                           Rs.70.43      Rs.64.03

However, Petrol and diesel prices have increased in Bangalore as the Karnataka government decided to increase taxes on petrol and diesel to 32% and 21%, respectively.

A litre of petrol cost Rs 70.53 and diesel Rs 64.30 in Bangalore on Saturday. Petrol price has increased by Rs 1.52 while diesel price has risen by Rs 1.50.

During the last two and half months, petrol price rose on just one day — by 10 paise on December 18. Diesel rates rose on December 17 and 18 by 9 paise and 7 paise respectively.

ALSO READ: Petrol Prices Touches The New Low, Down By 22 Paise

The retail selling price of petrol and diesel is dependent on the international prices of benchmark fuel and the rupee-US dollar exchange rate. This is because a large proportion of the country’s requirement is met through imports.

According to media reports, oil rose nearly 2% on Friday after the proposed trade talks between the United States and China eased some fears about a global economic slowdown.

Brent increased about 9.3% for the week, while WTI rose about 5.8%.


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