The purpose behind the reduction is that within the global market, the rate of crude oil has been reduced with the aid of using up to ten percent in 15 days.
In what comes as a comfort to ordinary people, petrol and diesel charges have finally come down after remaining on the preserve for 25 days. This is the first reduction in fuel costs this yr.
On Wednesday, fuel costs acquired a reduction of 17 paise per liter. After this deduction, the price of petrol in Delhi has come down below Rs 91. Petrol in Chennai has come below Rs 93. However, despite this reduction, charges are at a record level. The petrol charge in Mumbai has come down from Rs 97.57 per liter to Rs 97.40 per liter.
The most significant motive in the back of the reduction is that the charge of crude oil has been reducing withinside the worldwide market with the aid of using up to 10 percent in 15 days. The rate has come down from an excessive of $71 according to barrel to $64. Earlier in February, petrol and diesel had been hiked sixteen times. However, the charges for petrol and diesel are still at a report high.
The closing alternate withinside the charges of petrol and diesel occurred on February 27, 2021, when the rate of petrol in Delhi increased with the aid of using 24 paise and diesel have become high-priced with the aid of using 15 paise.
Petrol costs in four metro cities
Petrol has to turn out to be 18 paise inexpensive at Rs 90.99 per liter in Delhi on Wednesday. Petrol has additionally come down from Rs 97.57 per liter in Mumbai to Rs 97.40 per liter. Petrol in Kolkata is 17 paise inexpensive at Rs 91.18. Petrol is being offered in Chennai at Rs 92.95 per litre.
Petrol charges in four metro cities
Delhi: Rs 90. 99
Mumbai: Rs 97.40
Kolkata: Rs 91.18
Chennai: Rs 92.95
Comparing present-day costs with the costs of the last yr, on March 24, 2020, the price of petrol in Delhi became Rs 69.59 per liter; that is, petrol has to be costlier with the aid of using Rs 21.40 per liter this yr. Diesel became Rs 62.29 per liter on March 24, 2020; because of this that diesel has additionally turn out to be costlier with the aid of using Rs 19.01 according to litre in a yr. It can also be stated that a yr ago, at some stage in this period, crude oil became below $30 according to the barrel.
Even after Wednesday’s reduction, diesel costs have additionally reached new heights of inflation. Diesel in Mumbai is Rs 88.42 per liter; that’s the maximum high-priced so far. Diesel is Rs 81.30 per liter in Delhi, and diesel is Rs 84.18 according to a litre in Kolkata, diesel price in Chennai is Rs 86.29 per litre.
Diesel price in four metro cities
Delhi: Rs 81.30
Mumbai: Rs 88.42
Kolkata: Rs 84.18
Chennai: Rs 86.29
Fuel prices for the day announced at 6 AM
Petrol and diesel costs, if changed, are up to date each day at 6 AM. The new costs come into impact from 6 AM onwards. The rate of petrol and diesel nearly doubles after including excise duty, dealer charges, and other items.
How to check petrol, diesel costs for your town.
You also can recognize each day price of petrol and diesel for your cities thru SMS. Indian Oil customers can text ‘RSP’ at 9224992249, and BPCL consumers can write ‘RSP’ and send the message to 9223112222. HPCL consumers can find out the rate using typing ‘HPPrice’ and sending the SMS to 9222201122.