After hitting ₹75 a litre mark this week, the price of petrol was decreased for the fourth consecutive day today. State-run fuel retailers dropped the petrol price by 5 paise a litre while diesel rate remained untouched once again. In New Delhi, a litre of petrol costs ₹74.84 a litre and diesel is priced at ₹66.04 a litre.
In Mumbai, you have to pay ₹80.49 for a litre of petrol and ₹69.27 for diesel. In Bengaluru, the petrol is priced at ₹77.40 a litre and diesel is selling at ₹68.29. In Chennai, a litre of petrol is charged at ₹77.81 and diesel costs ₹69.81.
Petrol price on December 9 touched ₹75 a litre for the first time in more than a year as international oil firms hiked rates. Fuel prices have been on a hike since November 9. Diesel prices have been hovering in between ₹65-66 per litre range last month. While petrol prices have been increased by ₹2.30 per litre in the last one month, diesel prices have been moderate.
Petrol and diesel prices are revised on a daily basis. Oil firms take into account international fuel prices and rupee-dollar exchange rate.
In international market, oil settled above $60 a barrel for the first time since missile strikes on Saudi Arabia sparked a record price surge three months ago. Rupee jumped 33 paise in day trade before closing flat at 70.83 to the US dollar on Friday.
With agency inputs