Petrol touches new low for 2018, below Rs 69 in Delhi

Updated: Dec 31, 2018, 21:07 IST | IANS

On Sunday it was priced at Rs 69.04 in Delhi, according to the Indian Oil Corp's website

Representational Image
Representational Image

Petrol prices on Monday declined to their lowest levels of 2018 across the four metro cities, with the fuel being sold at Rs 68.84 per litre in the national capital.

On Sunday it was priced at Rs 69.04 in Delhi, according to the Indian Oil Corp's website.

In Kolkata, Mumbai and Chennai, the petrol prices fell to fresh lows of the year, at Rs 70.96, Rs 74.47 and Rs 71.41 respectively, down from Rs 71.15, Rs 74.67 and Rs 71.62 per litre.

The decline in domestic fuel prices comes amid the recent fall in global crude oil prices.

As per the country's dynamic pricing mechanism, the domestic fuel prices depend upon international fuel prices on a 15-day average and the value of the rupee.

Oil prices, however, are likely to gain in the days ahead as the production cut by OPEC and non-OPEC countries come into effect on January 1.

In tandem with petrol prices, cost of diesel also registered a decline on Monday.

Its price in Delhi, Kolkata, Mumbai and Chennai was Rs 62.86, Rs 64.61, Rs 65.76 and Rs 66.35 respectively against the previous levels of Rs 63.09, Rs 64.84, Rs 65.76 and Rs 66.59 per litre.

Catch up on all the latest Crime, National, International and Hatke news here. Also, download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Except for the change in the headline, the story has been provided "AS-IS," "AS AVAILABLE, without any verification or editing from our side. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

Sign up for all the latest news, top galleries and trending videos from Mid-day.com

Subscribe
Loading...

No more trees to be axed in Aarey until October 21, says Supreme Court

NEXT STORY
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK