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Petrol, Diesel Prices Down for Second Consecutive Day

Petrol, Diesel Prices Down for Second Consecutive Day

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  20 Oct 2018 9:01 AM GMT

Mumbai: In a Dussehra relief for consumers, state-run oil marketing companies (OMCs) cut the prices of key domestic transportation fuels — petrol and diesel — for the second consecutive day on Friday. The prices of petrol and diesel were lowered in the national capital by 24 and 10 paise respectively. According to the IndianOil Corp data, petrol was priced at Rs 82.38 per litre in the national capital, down from Rs 82.62 on Thursday.

As per the data, the key transportation fuel was priced at Rs 87.84 in Mumbai, Rs 84.21 in Kolkata and Rs 85.63 per litre in Chennai, down 25 paise from its previous rate. As per the country’s pricing mechanism, the domestic fuel prices depend on international fuel prices on a 15-day average besides the value of the rupee. Prices vary from region to region due to local taxes as the product is excluded from the GST regime. Delhi has the lowest tax rate among the four metro cities. In tandem with petrol, the cost of diesel declined on Friday across all metros in a range of 10-11 paise. On Friday, the diesel price in Mumbai was at Rs 79.13 from its previous price of 79.24 on Thursday. (IANS)

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