Heena Sharma Blog

Petrol will now cost Rs 76.35 a litre in Delhi, down from Rs 76.43 Current Affairs News : Petrol prices saw a marginal slash of Rs 8 paise on Thursday after witnessing a fall of around Rs 2 in the last 14 days. Petrol will now cost Rs 76.35 a litre in Delhi, down from Rs 76.43, showed the data on Indian Oil's website. However, dieasel prices remain steady at Rs 67.85 per litre in the   national   capital. Indian Oil   Corp provides daily prices for diesel and petrol across metros and state capitals. Prices of non-branded petrol in metro-cities, applicable from 6:00 am on June 15, were Rs 76.35 per litre in Delhi, Rs 79.02 per litre in Kolkata, Rs 84.18 per litre in Mumbai, and Rs 79.24 per litre in Chennai. With Tuesday's cut, petrol prices had come down by 1.98 paise in 14 days. On May 29, petrol prices had touched a peak of Rs 78.43 a litre in Delhi and Rs 86.24 a litre in Mumbai. As of Monday, the pace of decline had been less than half the rate

The reduction comes after 16 consecutive price increases since May 14 when fuel retailers ended a 19-day pre-Karnataka poll hiatus to pass on a spike in global oil rates Economy & Policy News : After 16 days of relentless price hikes, petrol price was today cut by about 60 paise a litre and diesel by 56 paise on the back of softening international oil rates and strengthening Indian rupee. Petrol price in Delhi was cut by 60 paise to Rs 77.83 a litre. Rates had yesterday touched an all time high of Rs 78.43 per litre, according to a price revision notification of state-owned oil firms. Diesel rates were cut by 56 paise in Delhi to Rs 68.75 per litre. Prices are now off their peak of Rs 69.31 a litre. The reduction comes after 16 consecutive price increases since May 14 when fuel retailers ended a 19-day pre-Karnataka poll hiatus to pass on a spike in global oil rates. In all, petrol price was increased by Rs 3.8 per litre and diesel by Rs 3.38 in that fortni