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Home / News / Business News / Petrol, diesel prices fall; check new rates here
  • Business

    Petrol, diesel prices fall; check new rates here

    Siddhant Pandey
    Written by
    Siddhant Pandey
    Twitter
    Last updated on Mar 09, 2020, 05:18 pm
    Petrol, diesel prices fall; check new rates here
  • The prices of petrol and diesel fell for the fifth consecutive day on Monday as the global coronavirus outbreak had a ripple effect on crude oil rates.

    Petrol prices fell up to 25 paise from the previous day across major Indian cities, while diesel prices fell by 26 paise.

    The lowered rates are a result of falling international crude oil prices.

  • In this article
    Check the petrol and diesel prices on Monday here Petrol rates fell Rs. 4.55/liter this year Why have petrol and diesel rates been slashed?
  • New rates

    Check the petrol and diesel prices on Monday here

    Check the petrol and diesel prices on Monday here
  • Delhi: Petrol at Rs. 70.59/liter (decreased Rs. 0.24 from Sunday); diesel at Rs 63.26/liter (decreased Rs. 0.25).

    Mumbai: Petrol at Rs. 76.29/liter (decreased Rs. 0.24); diesel at Rs. 66.24/liter (decreased Rs. 0.26).

    Chennai: Petrol at Rs. 73.33/liter (decreased Rs. 0.25); diesel at Rs. 66.75/liter (decreased Rs. 0.26).

    Kolkata: Petrol at Rs 73.28/liter (decreased Rs. 0.23); diesel at Rs. 65.59/liter (decreased Rs. 0.25).

  • Details

    Petrol rates fell Rs. 4.55/liter this year

    Petrol rates fell Rs. 4.55/liter this year
  • With this latest revision, in this year, petrol rates have fallen by Rs. 4.55/liter and diesel rates have fallen by Rs. 4.7/liter.

    Petrol and diesel rates have also been reduced for the fifth consecutive day today.

    The state-run Indian Oil Corporation reviews petrol and diesel rates daily.

    The rates differ across the country, due to multiple factors such as transportation, taxation, etc.

  • Reason

    Why have petrol and diesel rates been slashed?

    Why have petrol and diesel rates been slashed?
  • The Organization of the Petroleum Exporting Countries (OPEC) failed to strike a deal to cut oil production —a plan devised to prop up fuel prices as the coronavirus outbreak has caused oil demands to crash.

    After Russia refused to cut production, Saudi Arabia—the world's top oil exporter—slashed prices to retain its market.

    International benchmark Brent crude then fell by 30%, retailing $31.02 a barrel.

  • Kolkata
  • Russia News
  • Saudi Arabia
  • Indian Oil Corporation
  • OPEC
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