The domestic prices of petrol and diesel were cut by 7-15 paise in metros on Tuesday. As per the notifications of the Indian Corporation, the petrol rate in Delhi decreased from Rs 81.14 per liter to Rs 81.14 per liter and on September 22 from 6 am, diesel was reduced to Rs 71.28 per liter. IOC), the country’s largest fuel retailer. This is the sixth consecutive decline in the price of diesel. (Also read: How to get latest petrol, diesel rates in your city)
Here are the prices of petrol and diesel (in rupees per liter) in four metros on 22 September:
|Source: Indian Oil|
State-run oil marking companies such as the Indian Oil Corporation currently review petrol and diesel prices on a daily basis, and implement any amendments to fuel stations from 6 am onwards. Indian Oil, Bharat Petroleum and Hindustan Petroleum account for most of the fuel stations in the country.
Meanwhile, oil prices plummeted by about 5 percent on Monday, weakened as cases of rising coronovirus and concerns about global demand grew, and the possible return to Libyan production created overshadowed fears.
Brent crude fell $ 1.71, or 3.96 per cent, to close at $ 41.44 a barrel. US crude fell $ 1.80, or 4.38 percent, to $ 39.31 a barrel. Both contracts were scheduled for their biggest daily drops in two weeks.