INSUBCONTINENT EXCLUSIVE:
Petrol and diesel prices are deregulated in the country.
Petrol and diesel prices were lowered marginally on Thursday
With effect from 6 am, petrol prices were at Rs 77.63 per litre in Delhi, Rs 80.28 per litre in Kolkata, Rs 85.45 per litre in Mumbai and Rs
80.59 per litre in Chennai, according to Indian Oil Corporation
Petrol and diesel prices are deregulated in India, therefore prices at fuel stations are market-determined, based majorly on global crude
oil rates and rupee-dollar forex rates.Oil Minister Dharmendra Pradhan ruled out any rollback of deregulation of fuel prices
Despite having the burden of repaying oil bonds, the government will take full responsibility of keeping fuel prices in check and ensuring
they don't go out of reach of the common man
While Thursday marked the ninth cut in a row for prices of petrol, diesel prices were lowered for eight days in nine
During this period, petrol prices have been lowered by 80 paise per litre in Delhi, 78 paise per litre in Kolkata, 79 paise per litre in
Mumbai and 84 paise per litre in Chennai, data shows
litre)7-Jun6-Jun29-May7-Jun6-Jun29-MayDelhi77.6377.7278.4368.7368.869.31Kolkata80.2880.3781.0671.2871.3571.86Mumbai85.4585.5486.2473.1773.25
73.79Chennai80.5980.6881.4372.5672.6473.18(Source: iocl.com)2
The daily cuts since May 29, except diesel on June 3, followed sixteen days of hikes when petrol prices were raised by a total Rs 3.74-4 per
Brent crude oil prices touched their 2014 highs around $80 a barrel last month, which led the surge in domestic petrol and diesel prices
per litreDiesel price on June 6in Rs
litreAgartala73.3166.81Aizwal73.4465.99Ambala77.7469.25Bangalore78.969.91Bhopal83.2472.34Bhubhaneswar76.4473.68Chandigarh74.6666.74Dehradun7
8.7169.06Gandhinagar76.9273.87Gangtok80.6570.45Guwahati79.8271.76Hyderabad82.2374.71Imphal75.6966.78Itanagar73.4665.98Jaipur80.473.18Jammu79
.3269.89Jullunder82.8768.63Kohima76.0767.07Lucknow78.1968.89Panjim71.5469.95Patna83.173.42Pondicherry76.3970.99Port
Blair66.8964.4Raipur78.0174.2Ranchi77.3572.56Shillong76.9968.53Shimla77.7968.36Srinagar82.0272.11Trivandrum80.7673.56Silvasa75.569.55Daman75
.4369.48(Source: iocl.com)4
The rupee, down nearly 5 per cent so far this year, traded in the range of 67.08-66.94 on Thursday morning
Despite latest cuts in fuel rates, petrol and diesel prices are up Rs 7.66 per litre in Delhi, Rs 7.56 per litre in Kolkata, Rs 7.58 per
litre in Mumbai and Rs 8.06 per litre in Chennai so far this year, Indian Oil Corporation data shows
respectively.(With agency inputs)
