In past 20 days, the petrol prices have declined by Rs 2.02 in Delhi; diesel prices declined by Rs 1.42 A day after marginal reduction, petrol prices remained steady on Wednesday.
Diesel prices, also, were kept same today just as on Tuesday.
On Wednesday, petrol is being sold, in Delhi for Rs 76.27 while the prices in other metro cities Mumbai, Kolkata and Chennai are Rs 78.94,Rs 84.06 and 79.16, respectively.
At the same time, diesel is sold for Rs 67.78 in Delhi, Rs 70.33 in Kolkata, Rs 72.13 in Mumbai and Rs 71.54 in Chennai.
On Tuesday, petrol prices were reducedin the range of 8-12 paise per litre.It is worth mentioning that the petrol prices have considerably fallen from Rs 78.29 on June 1 in Delhi, Rs 80.92 in Mumbai, Rs 86.10 in Kolkata and Rs 81.28 in Chennai.Similarly, diesel prices in the beginning of the month stood at Rs 69.20 in Delhi, Rs 71.75 in Mumbai, Rs 73.67 in Kolkata and Rs 73.06 in Chennai.In past 20 days, the petrol prices have declined by Rs 2.02 in Delhi, while the diesel prices declined by Rs 1.42.Petrol Prices In MetroDelhi76.27Kolkata78.94Mumbai84.06Chennai79.16Diesel Prices In MetroDelhi67.78Kolkata70.33Mumbai72.13Chennai71.54On Tuesday, petrol price reduction (8-12 paise per litre) had come after three consecutive days of no change in prices.Petrol Prices In Other CitiesAgartala72.07Aizwal72.19Ambala76.39Bangalore77.51Bhopal81.86Bhubhaneswar75.09Chandigarh73.36Dehradun77.64Gandhinagar75.58Gangtok79.3Guwahati78.41Hyderabad80.79Imphal74.36Itanagar72.18Jaipur79.01Jammu78Jullunder81.47Kohima74.75Lucknow77.12Panjim70.28Patna81.76Pondicherry75.07Port Blair65.76Raipur76.68Ranchi76.28Shillong75.67Shimla76.44Srinagar80.69Trivandrum79.37Silvasa74.2Daman74.12Diesel Prices In Other CitiesAgartala65.92Aizwal65.11Ambala68.29Bangalore68.87Bhopal71.34Bhubhaneswar72.65Chandigarh65.82Dehradun68.11Gandhinagar72.84Gangtok69.55Guwahati70.75Hyderabad73.67Imphal65.85Itanagar65.07Jaipur72.19Jammu68.95Jullunder67.7Kohima66.15Lucknow67.93Panjim68.98Patna72.46Pondicherry70.02Port Blair63.54Raipur73.18Ranchi71.57Shillong67.6Shimla67.42Srinagar71.17Trivandrum72.56Silvasa68.6Daman68.53On Monday, Union Finance Minister Arun Jaitley ruled out any cut in excise duty levied on petrol, diesel.
He also said that reducing taxes on fuel could push India towards unmanageable debt.Petrol Prices in Delhi (Rs per litre)From May 14 to May 29, petrol prices were raised in the range of Rs 3.74-4 a litre and diesel prices were hiked by Rs.
3.23-3.62 a litre across the four metros.
That led to the fuel prices touching all-time highs in some cities including Delhi and Mumbai.Domestic petrol and diesel prices are currently determined by crude oil prices and the exchange rate of the rupee against the US dollar.
Oil investors have been nervous ahead of an upcoming OPEC (Organization of the Petroleum Exporting Countries) summit in Vienna, due on June 22.
Saudi Arabia and Russia have already boosted production modestly, and have indicated they were prepared to increase output.Diesel Prices In Delhi (Rs per litre)Last week, state-run oil companies Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) completed a year of daily review of petrol and diesel prices across the country.
Prior to June 16, 2017, petrol and diesel prices were revised on twice-a-month basis.
The switch to the daily system of price reviews was aimed at a more rapid transmission of changes in global oil rates to the domestic consumerIn the international market, oil prices rose in early Asian trading on Wednesday, supported by a drop in U.S.
commercial crude inventories reported by the American Petroleum Institute (API).US crude inventories fell by 3 million barrels in the week to June 15 to 430.6 million barrels, according to the weekly API report published on Tuesday.Brent crude futures, the international benchmark for oil prices, were at $75.30 per barrel at 5.38 am, up 22 cents, or 0.3 percent, from their last close.