Prices of fuel record biggest drop in 10 days

On Friday, the prices for petrol and diesel fell by 21-22 paise per litre and 15-16 paise per litre in Delhi, Kolkata, Mumbai and Chennai, compared with the previous day’s rates.

In Delhi, petrol costs Rs 77.42 a litre, and diesel costs Rs 68.58 per litre. Fuel prices have been cut marginally everyday since 30 May, in the range of 1 paise per litre, to 21-22 paise a litre on Friday.

On Thursday, price for petrol was Rs 77.63 per litre, while diesel price was Rs 68.73 a litre in Delhi.

The revised petrol prices in other metro cities are - Rs 80.07 a litre in Kolkata, Rs 85.24 per litre in Mumbai and Rs 80.37 in Chennai.

Diesel, on the other hand, was being sold at Rs 71.13 a litre in Kolkata, Rs 73.02 a litre in Mumbai and Rs 72.40 in Chennai.

In the fortnight before 30 May, fuel prices had seen a sharp upward rally, reaching very high levels due to rising global crude oil prices. High central and state government levies on petrol and diesel added to the burden on customers, who had to shell out almost half of the cost they paid for a litre of fuel in taxes.

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