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Petrol price today: Fuel prices kept unchanged; petrol selling at Rs 71.19 per litre in New Delhi.


Date: 30-01-2019
Subject: Petrol price today: Fuel prices kept unchanged; petrol selling at Rs 71.19 per litre in New Delhi

Petrol price today: Petrol and diesel prices kept unchanged on Wednesday across all major cities with petrol is retailing at Rs 71.19 per litre, diesel can be availed at Rs 65.89 a litre in New Delhi. In Mumbai, petrol and diesel are retailing at Rs 76.82 a litre and Rs 69 per litre, respectively, according to data available on the website of the Indian Oil Corporation.

In Kolkata and Chennai, petrol is priced at Rs 73.28 per litre and Rs 73.90 per litre, respectively. On the other side, diesel is being sold Rs 67.67 a litre in Kolkata and Rs 69.61 per litre in Chennai. Petrol and diesel prices have been hiked by more than Rs 2 per litre each in the month of January.

Petrol and diesel prices in Delhi are the cheapest among all metro cities.

As per the country’s dynamic pricing mechanism, the domestic fuel prices depend upon global fuel prices on a 15-day average and also on the value of the rupee. Retail pump prices are calculated after adding central excise duty, dealers commission and value-added tax (VAT) to the base price.

Meanwhile, crude oil prices declined on Wednesday amid a cloudy outlook for the global economy, but Reuters repored citing traders that declines were reined in by worries over disruptions to supply from U.S. sanctions on Venezuelan fuel exports. US West Texas Intermediate (WTI) crude futures were at $53.28 per barrel at 0255 GMT, 3 cents below their last settlement, while International Brent crude oil futures were 6 cents below their last close, at $61.26 per barrel.

Source: financialexpress.com

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