Petrol, diesel prices cut – by a few paise a litre

While motorists in Mumbai benefit by 38 paise a litre of petrol, Delhiites can fill diesel at 41 paise a litre less than a few days ago.

By Ajit Dalvi calendar 25 Mar 2021 Views icon6308 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Prices of petrol and diesel, which had remained unchanged for 24 days, possibly in view of the assembly elections in various states, saw a change on March 24 – but with a change. There is finally a price cut, a very marginal one.

In Mumbai, the price of petrol which had hit Rs 97.57 a litre – just Rs 2.43 shy of the Rs 100-a-litre mark on February 28 – has been cut by 38 paise to Rs 97.19 a litre. Delhi motorists will benefit by 39 paise a litre while their brethren in Chennai and Kolkata will gain by 34 and 37 paise respectively. Amounts which give them a few more ounces of the expensive fuel.

Diesel, as of today, in Mumbai costs Rs 88.20 a litre, down by 40 paise a litre. In Delhi, it is priced at Rs 81.10, down by 41 paise. Those tanking up in Chennai and Kolkata will pay 34 and 37 paise less respectively than they did a few days ago.  

Among the reasons believed to be behind this slight cut in prices is that the cost of Brent crude oil has dropped too US 63.27 a litre, down from $68 a fortnight ago. Whether there will be continued price cuts in fossil fuels in India is difficult to say and the news that a massive cargo-container ship is stuck in the Suez Canal, causing a ‘traffic jam’ of other container ships in the world’s busiest waterway could just see global crude prices rise once again.  

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