Petrol and diesel prices fall further after second cut in a row

  • Per litre petrol and diesel prices were slashed by 21 paise and 20 paise on Thursday.

In metro cities across India, the change in prices of petrol and diesel from yesterday’s prices range between 18-21 paise for petrol and 20-22 paise for diesel. (PTI)
In metro cities across India, the change in prices of petrol and diesel from yesterday’s prices range between 18-21 paise for petrol and 20-22 paise for diesel.
Get Launch Updates on
Notify me

Petrol and diesel prices were cut on Thursday, bringing petrol down to 90.78 a litre and diesel to 81.10 per litre in Delhi. In the second cut in a row, this week, per litre petrol and diesel prices were brought down by 21 paise and 20 paise respectively in the national capital.

Also Read : How and why a container ship stuck in Suez Canal may send fuel prices soaring

In metro cities across India, the change in prices of petrol and diesel from yesterday’s prices range between 18-21 paise for petrol and 20-22 paise for diesel.

Also check these Cars

Find more Cars
Mahindra Ekuv100 (HT Auto photo)
UPCOMING
BatteryCapacity Icon40 kWh Range Icon150 Km
₹ 8.25 - 10 Lakhs
Alert Me When Launched
Mahindra S204 (HT Auto photo)
UPCOMING
₹ 12 Lakhs
Alert Me When Launched
Lexus Ux 300e (HT Auto photo)
UPCOMING
BatteryCapacity Icon 54.3kWh Range Icon400 km
₹ 75 - 85 Lakhs
Alert Me When Launched
Maruti Suzuki Xl5 (HT Auto photo)
UPCOMING
Engine Icon998 cc FuelType IconPetrol
₹ 5 Lakhs
Alert Me When Launched
Tata Sierra Ev (HT Auto photo)
UPCOMING
BatteryCapacity Icon69 kWh Range Icon420 Km
₹ 25 - 30 Lakhs
Alert Me When Launched
Volkswagen Id.7 (HT Auto photo)
UPCOMING
BatteryCapacity Icon77 kWh Range Icon621 Km
₹ 70 Lakhs
Alert Me When Launched

After Thursday’s price cut, per litre of petrol in Mumbai, Chennai and Kolkata are retailing at 97.19, 92.77 and 90.98 respectively. For diesel, the retail prices for a litre in Chennai, Mumbai and Kolkata are 88.20, 86.10 and 83.98 respectively.

On Wednesday petrol and diesel prices were slashed for the first time after March 16, 2020, following a decline in international crude prices due to the slump in demand in the light of resurging Covid-19 cases and increasing restrictions on mobility across various countries in Europe.

In recent times, the petrol and diesel prices were increased massively, especially since early February after the Union Budget 2021. The key reason behind the unprecedented price hike was the surging cost of crude oil in the international market, due to the demand recovery and extended production cut by the oil-producing countries in the OPEC+ group.

Apart from that, the high excise duty imposed by the central government too played a crucial role in the price hike for both motor fuels. The retail price of petrol and diesel include central excise duty, state government’s VAT and dealer commission. While some of the state governments have announced marginal tax cuts to reduce the burden of the motorists and common people, the central government has denied reducing the excise duty.

Meanwhile, there are demands to bring the motor fuels under the GST ambit, which would bring uniformity in fuel prices. However, there is any decision to be made yet.

Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.

First Published Date: 25 Mar 2021, 12:27 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.