Prices continue to fall as global crude rates ease
State-run oil-marketing companies continued to cut the prices of petrol and diesel well into the fourth week yesterday on lower global crude oil prices. According to the Indian Oil Corporation data, petrol was priced at Rs77.89 per litre in the national capital yesterday, 17 paise lower from Friday. Petrol prices fell by 17 to 18 paise to Rs83.40 per litre in Mumbai, Rs79.81 in Kolkata and Rs80.90 in Chennai yesterday. In tandem with petrol, the cost of diesel declined by 16 to 17 paise across the four metros. The price of diesel in Mumbai was down at Rs76.05 per litre. Similarly, prices of diesel in Delhi, Kolkata and Chennai declined to Rs72.58, Rs74.44 and Rs76.72 respectively.