File picture  |  Photo Credit score: BCCL
New Delhi: State-run oil advertising and marketing corporations on Friday (August 9) lowered the retail costs of petrol and diesel for the second successive day throughout main cities of the nation. After immediately’s fee revision, petrol grew to become cheaper by 14-16 a litre whereas diesel costs got here down by 7-13 paise per litre. In Delhi, petrol costs fell to Rs 72.08 a litre as in opposition to Rs 72.23 on Thursday whereas diesel value lowered to Rs 65.75 per litre as in comparison with Rs 65.88 on Thursday, as per knowledge from Indian Oil Company web site.
Residents in Mumbai should shell out Rs 77.74 for a litre of petrol after a 15 paise lower over Thursday’s fee. A litre of diesel prices Rs 68.94, 12 paise decrease than yesterday’s fee of Rs 69.06 per litre.
In Chennai, petrol value was slashed by 16 paise to Rs 74.87, from Rs 75.03 recorded on Thursday. Diesel costs have been decreased by 12 paise from yesterday’s fee value of Rs 69.59 a litre. In Kolkata, petrol is retailing at Rs 74.78 a litre, 14 paise lower from Thursday’s fee of Rs 74.92 whereas diesel value declined to Rs 68.08, 7 paise lower than yesterday’s value of Rs 68.15 a litre.
Petrol in Gurgram sells for Rs 72.18 (12 paise much less) a litre and diesel is priced at Rs 65.08 (10 paise lower) per litre. In Noida, petrol value was lowered by 12 paise to Rs 71.63 a litre whereas diesel grew to become cheaper by 10 paise than yesterday’s value of Rs 65.06 a litre.
Because the nation’s day by day pricing mechanism, the retail costs of petrol and diesel are depending on the worldwide crude costs and the rupee-US greenback alternate fee as India imports 80 per cent of its crude necessities.
Within the worldwide oil market, crude costs dropped on Friday amid issues over demand as Washington-Beijing commerce tensions forged its shadow over markets. Worldwide Brent crude oil futures have been buying and selling at USD 57.20 per barrel, down 18 cents or, 0.3 per cent, from their final shut.