SME Times News Bureau | 20 Jan, 2020
Fuel prices were further cut on
fifth consecutive day across all major cities on Monday. The price of
petrol was cut by 10-12 paise and that of diesel by 19-20 paise on
Monday bringing relief to the consumers.
The petrol now costs Rs
74.98 a litre in Delhi, Rs 80.58 a litre in Mumbai, Rs 77.58 a litre in
Kolkata and Rs 77.89 a litre in Chennai after the price cut.
Similarly,
diesel costs Rs 68.26 a litre in Delhi, Rs 71.57 a litre in Mumbai, Rs
70.62 per litre in Kolkata and Rs 72.13 a litre in Chennai, according to
the Indian Oil Corporation website.
Fuel prices have been
slashed for the fifth consecutive day. In the last ten days petrol
became cheaper by 98 paise and diesel by Rs 1.85.
The retail
prices of fuel are dependent on the international crude prices and the
rupee-US dollar exchange rate as India imports almost 80 per cent of its
crude requirements.
Domestic petrol and diesel prices are
reviewed by oil marketing companies on a daily basis. Price revisions
are implemented at the fuel stations with effect from 6 a.m.
