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Petrol price down 7 paise, diesel dips 8 paise
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SME Times News Bureau | 21 Mar, 2019
Petrol prices declined by 7 paise across the metropolitan cities on
Thursday after remaining unchanged for the last two days, data from the
Indian Oil Corp's website showed.
In the national capital, petrol
was priced at Rs 72.71 per litre, down from Rs 72.78 on Wednesday. In
Kolkata, Mumbai and Chennai, price of the fuel was at Rs 74.79, Rs 78.33
and Rs 75.52 per litre respectively, against the previous levels of Rs
74.86, Rs 78.40 and Rs 75.59 per litre.
Although domestic fuel
prices declined on Thursday, largely, the price trend has been on an
upward movement during the first three months of 2019, except a few days
of price drop. In Delhi, petrol prices have risen around Rs 4 per litre
since January 1, 2019.
The uptrend in domestic prices is largely
attributed to the recent bullish global crude oil prices. The benchmark
Brent crude oil is currently trading around $68 per barrel.
Under
the dynamic pricing policy, the retail fuel prices in the country are
based on the a 15-day average of global crude prices along with the
rupee-US dollar exchange rate.
In tandem with petrol prices, the
cost of diesel also declined on Thursday. In Delhi, Kolkata, Mumbai and
Chennai, diesel was sold for Rs 66.72, Rs 68.51, Rs 69.89 and Rs 70.50
per litre, down from Rs 66.80, Rs 68.59, Rs 69.97 and Rs 70.59 per litre
on Wednesday.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Aug, 2022 |
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