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Fuel prices witness dip across India: Check rates here

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The fuel rates in Delhi, Mumbai and other metro cities came down on Monday giving much-needed relief to the vehicle users. On the last day of the year, while the petrol was retailing at Rs 68.84 per litre in the national capital, Diesel was being sold at 62.86 per litre – lowest since March this year.

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In Mumbai, petrol and diesel were being sold at Rs 74.47 per litre and 65.76 per litre, respectively. In Chennai, petrol was retailing at Rs 71.41 per litre and diesel at Rs 66.35 per litre. In Kolkata, the prices of petrol were at Rs 70.96 per litre and diesel at Rs 64.61 per litre. In Noida petrol was being sold for Rs 69.04 a litre and diesel was retailing at Rs 62.44 a litre.

In a tweet, the news agency ANI said, “Petrol and diesel prices at Rs 68.84/litre & Rs 62.86/litre respectively in Delhi. In Mumbai, petrol and diesel prices at Rs 74.47/litre & Rs 65.76/litre respectively.”

It is to be noted that the prices of petrol and diesel have come down by over Rs 10 in the last few days following an over six per cent plunge in the global crude oil prices. The crude oil rates are also at the lowest level in more than a year. The Brent crude price has fallen about 40 per cent in the October-December quarter. On Monday, crude oil prices were at USD 45.53 per barrel.

The dip in prices comes after the United States softened its stand on Iran’s sanctions and allowed eight countries to continue importing oil from Iran temporarily. These countries are India, China, South Korea, Japan, Turkey, Italy, the United Arab Emirates, and Taiwan.

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