Petrol and diesel prices today were cut by 15 paise per
litre and 10-11 paise per litre. Tuesday marked the 14th straight reduction in
the price of petrol while diesel price was lowered for thirteen days since May
29. Currently, petrol and diesel prices are deregulated in the country, which
means the rates are market-determined. Oil marketing companies review the
prices every day and any changes are effected at fuel stations with effect from
6 am. The two weeks of cuts in petrol and diesel prices come after sixteen
days of consecutive hikes last month.
"Petrol prices cut by another 15 paise in Delhi today. Almost two rupees down from its price 14 days ago. Likewise substantial reduction in diesel price as well. Also reflect Brent crude, petrol and diesel prices declining from their peak and steadying," Economic Affairs Secretary Subhash Chandra Garg said on microblogging site Twitter.
Here are 10 things to know about petrol and diesel prices today:
"Petrol prices cut by another 15 paise in Delhi today. Almost two rupees down from its price 14 days ago. Likewise substantial reduction in diesel price as well. Also reflect Brent crude, petrol and diesel prices declining from their peak and steadying," Economic Affairs Secretary Subhash Chandra Garg said on microblogging site Twitter.
Here are 10 things to know about petrol and diesel prices today:
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