Govt cuts fuel prices for the first time in 2021 ahead of Assembly polls; check updated rates here
Petrol worth on Wednesday was lower by 18 paise per litre and diesel by 17 paise a litre as worldwide oil prices tumbled to the lowest since early February
The Centre on Wednesday lower fuel prices in the nation for the first time in over a yr, in the run-up to the meeting elections in West Bengal, Assam, Kerala, Tamil Nadu, and Puducherry.
The fuel prices, which final month hit report highs together with crossing Rs 100 mark in some locations in Rajasthan, Maharasthra and Madhya Pradesh, had been on freeze since February-end when elections to 5 states had been introduced.
In the newest transfer, petrol worth was lower by 18 paise per litre and diesel by 17 paise a litre as worldwide oil prices tumbled to the lowest since early February.
Petrol worth was lower to Rs 90.99 a litre in Delhi from Rs 91.17 per litre, in keeping with a worth notification of state-owned fuel retailers. Diesel now comes for Rs 81.30 a litre in the nationwide capital, down from Rs 81.47 beforehand.
Rates have been diminished throughout the nation and fluctuate from state to state relying on the native incidence of taxation (VAT).
In Mumbai, a litre of petrol now prices Rs 97.40 whereas the identical amount of diesel may be purchased at Rs 88.42. One litre of petrol in Kolkata prices Rs 91.18 and the diesel worth is Rs 84.18 per litre.
The price of one litre of petrol in Chennai is Rs 92.95 whereas the identical amount of diesel prices Rs 86.29 on 24 March. Until 23 March, the fuel prices in Chennai had been Rs 93.11 and Rs 86.45 for one litre every of petrol and diesel, respectively.
Petrol worth in the metropolis of Sri Ganganagar in Rajasthan continues to be over Rs 100. Whereas diesel prices Rs 93.60.
That is the first discount in fuel prices in over a yr as the prices had been final diminished on 16 March, 2020. Beforehand, regardless of bouts of charge freeze, prices had gone up by a report Rs 21.58 per litre on petrol in the final one yr. Diesel prices had elevated by Rs 19.18 a litre.
The speed discount adopted worldwide oil prices tumbling to the lowest since early February as the second wave of COVID-19 an infection clouded the prospects for a speedy restoration in consumption.
West Texas Intermediate for Could supply was right down to $57.76 in New York on Tuesday, the lowest shut since 5 February whereas Brent for the identical month misplaced $3.83 to $60.79 a barrel, the lowest since
With inputs from PTI
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