INSUBCONTINENT EXCLUSIVE:
Petrol prices have fallen by Rs
2.88 a litre in Delhi since May 29.Petrol and diesel prices remained constant for the eighth straight day on Wednesday
In Mumbai, petrol prices now stand at Rs 82.94, while diesel is being sold today for Rs 71.49 a litre
78.40 per litre, and diesel prices at Rs 71.12.State-run oil marketing companies Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan
Petroleum (HPCL) revise fuel prices on a daily basis with effect from 6 am
Petrol prices in Delhi are the lowest among all metro cities for lower sales tax or VAT (Value Added Tax).Petrol, diesel prices have not
been raised since May 29The last time when petrol, diesel prices were slashed across most cities was on June 26 when petrol price came down
in the range of 14 to 18 paise, and diesel prices were cut in the range of 10-12 paise
The fuel prices have not risen since May 29 when the prices surged to record highs, then, on the back of high crude oil prices.During this
time, petrol prices have fallen by Rs
2.88 a litre in Delhi from its peak of Rs
Similarly, diesel prices have come down by Rs
1.93 a litre since May 29 when the fuel touched a high of Rs
In Mumbai and Chennai, petrol prices were cut by Rs
3.03, respectively, during this period
2.06 in Mumbai and Chennai, respectively.The central government raised excise duty on petrol by Rs
11.77 a litre and that on diesel by Rs
13.47 a litre in nine instalments between November 2014 and January 2016 to shore up finances as global oil prices fell.
