Petrol prices down by 19 paise in Delhi, diesel drops 11 paise

Woman holding fuel nozzle at petrol station

Woman holding fuel nozzle at petrol station

In Delhi, the prices of petrol and diesel were Rs 78.99 a litre and Rs 73.53 a litre respectively, according to data available on Indian Oil Corporation website.

The lower wholesale price of petrol has been brought about by an 11 per cent fall in the price of oil during October.

The RAC slammed retailers for "taking drivers for a ride", as the wholesale price of petrol fell by 3.5p per litre during last month, but average forecourt prices started and finished October at exactly the same level.

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However, the Delhi government had not reduced Value-Added Tax on petrol and diesel. Subsequent to this, the petrol price came down to Rs 81.50 per litre and diesel at Rs 72.95 a litre on October 5. Last week, Union Minister Dharmendra Pradhan had said that crude prices were not under the control of the Indian government and were determined by global forces. In Mumbai, petrol is sold for Rs 84.49 per litre and diesel at Rs 77.06. "That is the reason we took some burden on us", he said. Today, petrol in Noida was sold at Rs 77.14 and diesel was sold at Rs 71.80.

Before the price cut, petrol in Delhi had hit an all-time high of Rs 84 per litre and diesel was at record Rs 75.45. "Although, worldwide oil prices came down during the current month but due to substantial depreciation of Sri Lankan rupee, there is no significant reduction in cost of petrol and diesel", their statement said. Due to that petrol and diesel are now cheaper in Noida compared to Delhi.

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