Petrol prices cut by 8 paise on thursday, no change in diesel rates

Petrol prices cut by 8 paise on Thursday, no change in diesel rates

Petrol prices cut by 8 paise on Thursday, no change in diesel rates on Business Standard.

Petrol will now cost Rs 76.35 a litre in Delhi, down from Rs 76.43

Latest News Petrol prices saw a marginal slash of Rs 8 paise on Thursday after witnessing a fall of around Rs 2 in the last 14 days.

Petrol will now cost Rs 76.35 a litre in Delhi, down from Rs 76.43, showed the data on Indian Oil's website. However, dieasel prices remain steady at Rs 67.85 per litre in the national capital.

Indian Oil Corp provides daily prices for diesel and petrol across metros and state capitals. Prices of nonbranded petrol in metro-cities, applicable from 6:00 am on June 15, were Rs 76.35 per litre in Delhi, Rs 79.02 per litre in Kolkata, Rs 84.18 per litre in Mumbai, and Rs 79.24 per litre in Chennai.

With Tuesday's cut, petrol prices had come down by 1.98 paise in 14 days. On May 29, petrol prices had touched a peak of Rs 78.43 a litre in Delhi and Rs 86.24 a litre in Mumbai.

As of Monday, the pace of decline had been less than half the rate of the surge. In percentage terms, between May 30 and June 11, petrol prices declined by 2.35 per cent in Delhi, compared to a 5.5 per cent increase in the previous 16 days.

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