Diesel Prices in Delhi Slashed By 11 Paise; Petrol Rates Remain Unchanged

State-owned oil marketing companies on Monday slashed diesel rates across the metros, while the petrol prices remained untouched, as per the notification from the Indian Oil Corporation. With new rates coming into effect, customers in Delhi will now have to pay Rs. 73.16 per litre for diesel. On the other hand, petrol in Delhi remained unchanged at Rs. 82.08 per litre. On Sunday, the two auto fuels retailed in the national capital at Rs. 73.27 per litre and Rs. 82.08 per litre.

Also Read: India's Slowing Diesel Sales In August Points To Lower Industry Output

In Kolkata, diesel was lowered to Rs. 76.66 per litre while petrol price remained unchanged

In Mumbai, the diesel rate was also reduced by 12 paise bring down the price to Rs. 79.69 per litre, from Rs. 79.81 per litre. However, petrol price remained unchanged at Rs. 88.73 per litre. The diesel rates in Kolkata and Chennai were lowered to Rs. 76.66 per litre and Rs. 78.48 per litre, respectively. Petrol rates in both the metros remained unchanged at Rs. 83.57 a litre and Rs. 85.04 a litre, respectively.

Here are city-wise petrol and diesel prices on September 7, 2020:

Petrol and diesel prices are reviewed daily across the country by the state-run OMCs like Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation. The OMCs implement any revision in the auto fuel prices accordingly that comes into effect from 6 am onwards.

Also Read: India's Weak Fuel Demand Drags On As Virus Crisis Worsens

Customers in Delhi will now have to pay Rs. 73.16 per litre for diesel

On the other hand, crude oil prices too dropped on Monday seeing the lowest level recorded since July. This comes after Saudi Arabia made massive monthly price cuts to supply to the Asian market in five months to bring back the demand which has been affected by the coronavirus pandemic.