New Delhi: Petrol prices on Wednesday touched the lowest level in the ongoing financial year across the four metro cities -- Chennai, Delhi, Kolkata, and Mumbai.
In the national capital, petrol price fell to Rs 73.57 per litre against Tuesday's level of Rs 74.07 per litre, according to data on the Indian Oil Corp's website. The price in Delhi was the lowest recorded level in FY 2018-19 so far, with the previous low being Rs 73.73 in April 1.
In the other metro cities too petrol prices fell by around 50 paise from Tuesday and recorded the lowest prices in the current fiscal.
Prices in Kolkata, Mumbai and Chennai were Rs 75.57, Rs 79.12 and Rs 76.35 per litre, respectively, against the previous levels of Rs 76.06, Rs 79.62 and Rs 76.88 per litre.
The previous lows for the current fiscal in Kolkata, Mumbai and Chennai were Rs 76.44, Rs 81.59 and Rs 76.48 per litre recorded in April 1.
Diesel prices also declined on Wednesday in tandem with cost of petrol.
In Delhi, Kolkata, Mumbai and Chennai, diesel was sold for Rs 68.49, Rs 70.34, Rs 71.71 and Rs 72.34, respectively, compared to Rs 68.89, Rs 70.74, Rs 72.13 and Rs 72.77 per litre.
The fall in domestic fuel prices comes amid the recent decline in crude oil prices.
As per the country's dynamic pricing mechanism, the domestic fuel prices depend upon international fuel prices on a 15-day average and the value of the rupee.
The price of the benchmark Brent crude oil, which declined over the past one month, however, increased marginally to $61 per barrel on Wednesday on expectations that Organization of the Petroleum Exporting Countries (OPEC) may decide to reduce supply in its meet next week.
The OPEC is expected to announce a supply cut of one million barrel per day to curb the fall in oil prices, according to market analysts.
|State Capitals (Applicable from 6:00 a.m. on 29-11-2018)||Petrol Current Price(Per Lt)||Petrol Previous Price(Per Lt)||Change(Rs)|
|Petrol price in Delhi||Rs.73.57||Rs.74.07||-0.50|
|Petrol price in Kolkata||Rs.75.57||Rs.76.06||-0.49|
|Petrol price in Mumbai||Rs.79.12||Rs.79.62||-0.50|
|Petrol price in Chennai||Rs.76.37||Rs.76.88||-0.51|
|Petrol price in Faridabad||Rs.72.63||Rs.73.21||-0.58|
|Petrol price in Gurgaon||Rs.72.22||Rs.72.67||-0.45|
|Petrol price in Noida||Rs.72.73||Rs.73.11||-0.38|
|Petrol price in Ghaziabad||Rs.72.60||Rs.72.99||-0.39|
|Petrol price in Agartala||Rs.70.25||Rs.70.72||-0.47|
|Petrol price in Aizwal||Rs.69.86||Rs.70.33||-0.47|
|Petrol price in Ambala||Rs.72.08||Rs.72.55||-0.47|
|Petrol price in Bangalore||Rs.74.15||Rs.74.65||-0.50|
|Petrol price in Bhopal||Rs.76.63||Rs.77.14||-0.51|
|Petrol price in Bhubhaneswar||Rs.72.49||Rs.72.99||-0.50|
|Petrol price in Chandigarh||Rs.69.51||Rs.69.98||-0.47|
|Petrol price in Dehradun||Rs.73.08||Rs.73.51||-0.43|
|Petrol price in Gandhinagar||Rs.71.15||Rs.71.52||-0.37|
|Petrol price in Gangtok||Rs.76.90||Rs.77.40||-0.50|
|Petrol price in Guwahati||Rs.73.22||Rs.73.75||-0.53|
|Petrol price in Hyderabad||Rs.78.00||Rs.78.53||-0.53|
|Petrol price in Imphal||Rs.69.63||Rs.70.11||-0.48|
|Petrol price in Itanagar||Rs.67.37||Rs.67.62||-0.25|
|Petrol price in Jaipur||Rs.74.19||Rs.74.89||-0.70|
|Petrol price in Jammu||Rs.72.90||Rs.73.64||-0.74|
|Petrol price in Jalandhar||Rs.78.81||Rs.79.32||-0.51|
|Petrol price in Kohima||Rs.70.44||Rs.70.92||-0.48|
|Petrol price in Lucknow||Rs.72.61||Rs.73.00||-0.39|
|Petrol price in Panjim||Rs.65.66||Rs.65.99||-0.33|
|Petrol price in Patna||Rs.77.49||Rs.78.04||-0.55|
|Petrol price in Port Blair||Rs.63.54||Rs.63.95||-0.41|
|Petrol price in Raipur||Rs.71.74||Rs.72.31||-0.57|
|Petrol price in Ranchi||Rs.71.68||Rs.72.21||-0.53|
|Petrol price in Shillong||Rs.70.92||Rs.71.29||-0.37|
|Petrol price in Shimla||Rs.73.03||Rs.73.66||-0.63|
|Petrol price in Srinagar||Rs.75.93||Rs.76.42||-0.49|
|Petrol price in Trivandrum||Rs.76.82||Rs.77.52||-0.70|
|Petrol price in Silvassa||Rs.71.83||Rs.72.32||-0.49|
|Petrol price in Daman||Rs.71.74||Rs.72.22||-0.48|
|Petrol price in Pondicherry||Rs.72.71||Rs.73.13||-0.42|
Source for prices: Indian Oil Corporation