(NDTV)
Petrol and diesel prices saw a marginal downward revision of up to five paise per litre on Tuesday. More than two weeks into a new system of daily price revisions, petrol prices have come down up to 6 per cent and diesel has become cheaper by around 5 per cent in the four major cities. After the latest revision, effective 6 am Tuesday, a litre of petrol costs Rs. 63.08 in New Delhi, Rs. 66.14 in Kolkata, Rs. 74.30 in Mumbai and Rs. 65.46 in Chennai. Also, diesel rates are Rs. 53.44 per litre in New Delhi, Rs. 55.74 per litre in Kolkata, Rs. 58.76 per litre in Mumbai and Rs. 56.25 per litre in Chennai.
Also, after today’s revision, petrol prices in some other cities include Rs. 64.23 a litre in Bangalore, Rs. 62.41 a litre in Bhubaneswar, Rs. 67.01 a litre in Hyderabad and Rs. 66.58 a litre in Noida. Diesel prices in these cities will be Rs. 54.35 per litre, Rs. 57.64 per litre, Rs. 58.21 per litre and Rs. 55.17 per litre respectively, according to Indian Oil Corporation’s website.
State-run oil marketing companies switched to daily price revisions on June 16. Under the daily revision system, in a shift from fortnightly revisions earlier, prices are aligned with global crude oil and foreign exchange rates on a daily basis. The pan-India daily price revision scheme was an extension of a pilot project run in five cities from May 2017.
