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Indian oil prices: Diesel slashes by 9 to 10 p/l; petrol remains stable

Indian oil prices: Diesel slashes by 9 to 10 p/l; petrol remains stable

India Blooms News Service | @indiablooms | 29 Mar 2019, 10:37 am

New Delhi, Mar 29 (UNI) Diesel on Friday gets slashed by 9 to 10 paise per litre while petrol remains unchanged.

In national capital, petrol is retailing at Rs 72.81 while diesel costs 66.30 p/l as against yesterday's price of Rs 66.39 p/ litre.

In Mumbai, petrol is being sold for Rs 78.43 p/l. Diesel costs Rs 69.44 a litre.

According to Indian Oil Corporation website, petrol and diesel cost Rs 74.89 and 68.08 per litre in Kolkata.

Similarly, in Chennai petrol is retailing at Rs 75.62 p/ litre and diesel Rs 70.05 a litre.

In Noida, petrol is retailing at Rs 72.74 per litre and diesel costs Rs 65.54 a litre.

In Gurgaon, petrol is being sold for Rs 72.20 a litre and diesel Rs 65.43 per litre.

As per the country’s dynamic pricing mechanism, the domestic fuel prices depend upon International fuel prices on a 15-day average and the value of the rupee.

The price of the two fuels retailing at the petrol pumps is calculated after adding central excise duty, dealers commission and value-added tax (VAT) to the base price.

The prices are revised at 0600 hrs daily, while earlier it used to be revised every fortnight.