Petrol prices cut by Rs 7.48 per litre in one month; petrol selling at Rs 75.05 in Kolkata today

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Published: November 19, 2018 9:09:29 AM

Petrol, diesel prices today: The oil marketing companies (OMCs) continued to cut prices of petrol and diesel on reduction on rates of the crude oil globally.

Petrol price down by Rs 7.29 per litre in one month; rates back at mid-August levels

Petrol, diesel prices today: The oil marketing companies (OMCs) continued to cut prices of petrol and diesel on reduction on rates of the crude oil globally. The petrol was selling at Rs 76.52 per litre in Delhi down from Rs 76.71 from a day earlier. The diesel prices were at Rs 71.39 in the national capital, a cut of 17 paise from Sunday. In Mumbai, the petrol was at Rs 82.04 per litre while diesel was at Rs 74.79.

In Chennai petrol and diesel are available at Rs 76.52 per litre and Rs 71.39 per litre, respectively. The rates of petrol in Kolkata are Rs 75.05 per litre and rates of diesel are Rs 69.73  per litre today.

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On Sunday, the petrol prices were cut by 20 paise a litre and diesel by 18 paise, the 29th straight daily reduction in rates eroding the massive price hike in petrol witnessed in two months since mid-August. The fuel rates are on a downward trajectory since October 18.

Checking latest rates in your city

To get the latest indicative petrol and diesel prices in any city, a customer can log into the IOCL app on mobile. Or, a customer can SMS  “RSP Dealer Code of Petrol Pump” to 92249 92249.

Crude oil prices

The oil prices surged nearly 1 percent on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards year-end. Despite that, market sentiment remains weak on signs of a demand slowdown amid deep trade disputes between the world’s two biggest economies, the United States and China. Front-month Brent crude oil futures were at $67.29 per barrel at 0259 GMT, up 53 cents, or 0.8 percent, from their last close, Reuters reported. US West Texas Intermediate (WTI) crude futures, were up 71 cents, or 1.3 percent, at $57.17 per barrel.

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