Huge relief for consumers as petrol and diesel prices became cheaper once again today. State-run fuel retailers today cut the petrol and diesel rates by 20-23 paise a litre each across the country. The price of both petrol and diesel are now on a three-month low.

A litre of petrol now costs 72.23 at Delhi. In Mumbai, you have to pay 77.89 for a litre of petrol. Those who are in Chennai will get petrol at 75.04 per litre. In Kolkata, petrol will be available at 74.92 for a litre.

In Delhi, a litre of diesel is available at 65.23 after today's cut. A litre of diesel will cost 68.36 in Mumbai. If you want to buy diesel in Chennai, you have to pay 68.89 for a little. Those who are in Kolkata will can buy diesel at 67.59 per litre.

Petrol and diesel prices have lowered by almost 1 in the month of February. As India imports a major part of its crude products, the retail prices of petrol and diesel depend on the international crude oil prices. Another factor that also has an impact on daily fuel prices is rupee-US dollar exchange.

Globally oil declined for the fifth straight week as the deadly coronavirus killed over 800 people in China. Benchmark crude oil Brent crude has lost nearly $ 10 a barrel last week.

Petrol and diesel prices are reviewed daily by oil marketing companies. However, petrol and diesel prices are set for a round of hike in April when the new BS-VI emission norms come into force.

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