Petrol price cut by 32 paise/litre, diesel hiked 28 paise

New Delhi, Feb 17 (IANS) Though global oil prices pulled back a little from their earlier plunge, Indian Oil Corp moved contradictorily on Wednesday, cutting petrol price by 32 paise a litre, while increasing diesel price by 28 paise, it was announced here.

The new prices were applicable at Delhi with corresponding changes in other states, effective midnight, the state-run oil marketer said in a release here.

“The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant decrease in price of petrol and increase in price of diesel,” Indian Oil said while announcing the fortnightly revision in fuel prices.

Petrol per litre from Thursday will cost Rs.59.63 in Delhi, Rs.64.64 in Kolkata, Rs.65.73 in Mumbai and Rs.59.10 in Chennai.

The price of diesel per litre will be Rs.44.96 in Delhi, Rs.48.33 in Kolkata, Rs.51.52 in Mumbai and Rs.45.62 in Chennai.

Transport fuel prices were last revised downwards on February 1.

The Indian basket of crude oils closed trade on Tuesday at $31.48 per barrel, which was up from its previous close at $30.38.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here