Latest Petrol and Diesel prices: Delhi witnesses major cut of Rs 2

Latest Petrol and Diesel prices: Delhi witnesses major cut of Rs 2

FPJ Web DeskUpdated: Wednesday, March 11, 2020, 09:44 AM IST
article-image
Photo Credit: Pexels

In a major relief for people in Delhi, petrol and diesel prices were cut by Rs 2.69 per litre and Rs 2.33 per litre respectively.

So on Wednesday, petrol costs Rs 70.29 per litre in Delhi, Rs 75.99 per litre in Mumbai. Similarly, diesel costs Rs 63.01 a litre in Delhi, Rs 65.97 a litre in Mumbai, according to information provided by Indian Oil Corporation (IOCL). A litre of petrol in Chennai costs Rs 73.02 per litre and diesel Rs 66.48 per litre. While in Bengaluru, petrol is now selling at Rs 72.70 and diesel at Rs 65.16. The price of petrol were cut by 30 paise a litre and that of diesel by 25-27 a litre across all major cities in the country on Tuesday.

After oil markets witnessed a slump, crude oil prices rose around 11 per cent on Tuesday as Russia indicated that talks with the Organisation of the Petroleum Exporting Countries (OPEC) may continue. The international crude oil prices tumbled the most in decades. The crude oil prices tumbled due to coronavirus scare worldwide. Brent crude prices fell to $31 per barrel on Monday.

Currently, Brent crude futures have somewhat recovered and are currently around $36.81 per barrel. Along with the global stock markets, the Indian equity market also witnessed a bloodbath on Monday with the BSE Sensex registering its biggest single day fall in its history as it closed 1,941 points lower.

(Inputs from Agencies)

RECENT STORIES

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu..."; Here's How To Save...

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu...

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...