Representative Image  |  Photo Credit: ANI
New Delhi: Petrol and diesel prices were slashed for the 10th straight day following which it was sold at its lowest level since July 2018 in the national capital. After Saturday’s price cut, petrol became cheaper by about 30-36 paise in major cities while diesel prices came down by about 37-40 paise per litre. In Delhi, petrol today was retailing at Rs 72.53 as against Rs 72.87 on Friday while diesel was priced at Rs 67.35, 37 paise less than Friday’s price of Rs 67.72, according to data available on Indian Oil Corporation website.
In Mumbai, petrol was sold prices dipped below Rs 72 and it was retailing at Rs 71.90 compared to Rs 72.18 yesterday. Diesel in the city was sold at Rs 70.50 per litre today. In Noida, petrol prices dipped below Rs 72 mark today. It was sold at Rs 71.90. Diesel in the city was sold at Rs 66.25 compared to Rs 66.59 per litre on Friday.
In Chennai, petrol on Saturday was retailing at Rs 75.26 compared to Rs 75.62 on Friday while diesel in the city was sold at 71.12. In Kolkata was petrol today was retailing at Rs 74.65 compared to Rs 74.88 yesterday, diesel was sold at Rs 69.08 per litre. If fuel prices are slashed on Monday as well, diesel price on Kolkata might dip below Rs 69.
It may be noted that international crude oil prices continued to fall on Saturday as well. Brent Crude futures were trading below the $60 per barrel mark at $59.46 on Saturday. According to reports, November month has been the worst month for crude oil in 10 years. Crude oil prices have come down by over 30 per cent since it touched its recent peak in the month of October.
The fall in crude prices has been a relief for India since it imports over 80 per cent of its crude requirement. Because of crude oil prices falling, Rupee has also appreciated against the dollar and breached the 70 per dollar mark this week for the first time in three months.
If crude price continue the downward trend, people can expect petrol and diesel to get cheaper in the coming days as well