Oil companies have not made any change in petrol prices for the 33rd consecutive day today, while diesel prices have come down for the second consecutive day. Today diesel has become cheaper by 20 paise per liter. Earlier on Wednesday also, diesel became cheaper by 20 paise. Now the price of petrol in the capital Delhi is Rs 101.84 per liter and diesel Rs 89.47 per liter.
The price of petrol in Mumbai crossed the Rs 100 mark for the first time on 29 May. Now the price of petrol here is Rs 107.83 per liter. The price of diesel in the city is also close to Rs 97.04 per liter, which is the highest among the metros. Petrol costs Rs 101.49 per liter in Chennai and Rs 102.08 per liter in Kolkata. Diesel is also priced at Rs 94.02 and Rs 92.57 per liter in both the cities respectively. In Chennai, petrol prices fell by around Rs 3 per liter on August 14, after the state government cut VAT on oil.
Petrol and diesel price today in major cities
- Petrol in Bengaluru today Rs 105.25 and diesel Rs 94.86 per liter
- Petrol in Bhopal today Rs 110.20 and diesel Rs 98.26 per liter
- Petrol in Lucknow today Rs 98.92 and diesel Rs 89.81 per liter
- Petrol in Patna today Rs 104.25 and diesel Rs 95.16 per liter
- Petrol in Ranchi today Rs 96.68 and diesel Rs 94.41 per liter
- Petrol in Pune today Rs 107.10 and diesel Rs 95.54 per liter
- Petrol in Chandigarh today Rs 97.93 and diesel Rs 89.12 per liter
After swinging in all directions in July, crude oil prices have now softened to below $ 70 a barrel. Due to the fall in crude oil, the price of oil should have come down by about Rs 2 per liter. However, OMCs want to see volatility in the market before making further cuts. Petrol price has been stable since July 18.
In the current financial year, oil prices came to a standstill after increasing for 41 days. With the increase of 41, the price of petrol in Delhi increased by Rs 11.44 per liter. The price of diesel was increased by Rs 8.94 per liter. Delhi saw a reduction in diesel prices on 12 July, then on 18 August and now on 19 August.