Petrol price cut by 60 paise, diesel by 56 paise per litre


Team Udayavani, May 30, 2018, 10:07 AM IST

New Delhi: After 16 days of relentless price hikes, petrol price was today cut by about 60 paise a litre and diesel by 56 paise on the back of softening international oil rates and strengthening Indian rupee.

Petrol price in Delhi was cut by 60 paise to Rs 77.83 a litre. Rates had yesterday touched an all time high of Rs 78.43 per litre, according to a price revision notification of state-owned oil firms.

Diesel rates were cut by 56 paise in Delhi to Rs 68.75 per litre. Prices are now off their peak of Rs 69.31 a litre.

The reduction comes after 16 consecutive price increases since May 14 when fuel retailers ended a 19-day pre-Karnataka poll hiatus to pass on a spike in global oil rates.

In all, petrol price was increased by Rs 3.8 per litre and diesel by Rs 3.38 in that fortnight. Prices vary from state to state depending on local sales tax or VAT. Delhi has the cheapest price among all metros and most state capitals.

In Mumbai, petrol price was cut by 59 paise to Rs 85.65 a litre. Diesel rates were reduced by a similar proportion to Rs 73.20. 

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Burglars decamp with cash Rs 1 crore, 300 gold sovereigns from house in Kerala

Raut demands re-election, alleges irregularities in EVMs during Maharashtra polls

Perth Test: Bumrah leads India to its biggest Test win on Australian soil

Sambhal violence: FIR against SP MP Zia-ur-Rehman Barq, SP MLA’s son

Six junior artists of Kannada film ‘Kantara’ injured in accident in Karnataka

MNS at risk of losing recognition, symbol after drawing blank in Maharashtra polls

‘Wicked’ and ‘Gladiator’ make gravity-defying theatre debuts

Related Articles More

Rapid digital expansion to create over 1 lakh new jobs in fiber tech in India in next 5 years

Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official

Air India Express increases flight operations from northeast destinations

Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle

Myntra pilots foray into quick commerce with ‘M-Now’ in select locations of Bengaluru

MUST WATCH

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar


Latest Additions

Ranbir on criticism for doing ‘Sanju’, ‘Animal’: Important to dabble in different genres, characters

Youth Congress demands Adani’s arrest over USD 250 mn bribery charge

Study links overthinking to ‘constant communication’ between brain’s fear-centre, social behaviour

Sometimes I like to take backseat and do films where pressure is not on me: Taapsee Pannu

Puttur: Abandoning labourer’s body — three, including prime accused, arrested

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.