The rates of fuel across India are witnessing a continuous decline due to a fall in the prices of crude oil
The rates of the fuel across India have been slashing due to the fall in the prices of crude oil
Even with US sanctions on Iranian oil in place, the perception among investors is that there is more than enough supply to meet demand
In tandem with petrol, the cost of diesel declined by 12 to 13 paise on Sunday across the four metros
Petrol and diesel are now being sold at Rs 78.06 per litre and Rs 72.74 per litre in Delhi
Opec was not immediately available for comment
The US reimposed sanctions against OPEC member Iran's oil exports on Monday. Having initially talked of cutting shipments to zero, Washington gave waivers to eight customers, allowing limited imports
In China, a flotilla of supertankers carrying around 9 million barrels of Iranian oil worth about $650 million is sitting outside Dalian port
Petrol and diesel prices saw a fall of 14 paise and 9 paise respectively in Delhi
Traders said prices have been coming under pressure since it became clear that Washington was allowing several countries to continue importing crude from Iran despite the sanctions
Meanwhile, in Mumbai, petrol and diesel prices are being retailed at Rs 84.06 per litre (decrease by 22 paise) and Rs 76.67 per litre (decrease by 21 paise) respectively
Compared to Sunday, petrol and diesel prices saw a fall of 22 paise and 20 paise respectively in Delhi
Petrol price in Mumbai saw a fall of 21 paise and is being sold at Rs 84.28 per litre. With a cut of 18 paise, diesel is being sold at Rs 76.88 per litre in the city.
Petrol now costs Rs 78.99 in Delhi, Rs 84.49 in Mumbai, Rs 80.89 in Kolkata and Rs 82.06 in Chennai
After remaining unchanged on Wednesday, petrol prices have been cut for two consecutive days in Delhi, Mumbai, Chennai and Kolkata
On Wednesday, petrol price was unchanged at Rs 79.55 in Delhi. The halt in decline of petrol price came after 13 straight cuts
Petrol and diesel prices have not been changed across cities today. Check how much you would have to pay for petrol and diesel in Delhi, Mumbai, Kolkata and Chennai.
In 13 straight cuts, petrol price has been reduced by Rs 3.28 per litre and diesel by Rs 1.84 a litre in Delhi
With consecutive cuts in fuel prices, cost of petrol has come down by Rs 3.08 per litre in Delhi. Diesel price has fallen by Rs 1.64
In tandem with the petrol prices, diesel rates have also come down across the country