The prices of both petrol and diesel were today raised by oil marketing companies. Petrol prices were up 19-20 paise in top metro cities. In Delhi, petrol today retailed at Rs 70.53 a litre – the third hike in five days. In Kolkata, petrol today retailed at Rs 72.62 a litre, in Mumbai Rs 76.15, in Chennai Rs 73.19 and in Bengaluru Rs 71.1.
Similarly, diesel prices today went up by 9-10 paise in top cities. In Delhi, diesel today retailed at Rs 64.47 a litre, in Kolkata Rs 66.23, in Mumbai Rs 67.47, in Chennai Rs 68.07 and in Bengaluru Rs 64.82. The sharp fall in global oil prices has resulted in a significant decline in petrol and diesel prices in India.
Falling oil prices in recent months have eased inflationary pressure in India, a major fuel importer. India’s retail inflation rate dropped to a 17-month low in November.