Mumbai, December 1: The month of December started with a dip in fuel prices in the country. The rates were further slashed for petrol and diesel in major metros. The price for petrol decreased by 37 paise both in the national capital and Mumbai. With this, the new rates in New Delhi reached to Rs 72.87 per litre, while in Mumbai it is being sold at Rs 78.43 per litre, according to the Indian Oil Corporation (IOC) data.
The diesel price in both the metros also recorded a decrease. The price for diesel was slashed by 41 paise in New Delhi and for Mumbai the reduction was 47 paise. With this, the new rates for diesel in Delhi came to Rs 67.72 per litre and in Mumbai it is being sold at Rs 70.89 per litre. '28% GST + VAT' if Petrol, Diesel Brought Under Goods & Services Tax Regime: Report
The petrol price in Chennai and Kolkata too recorded a decrease. In Chennai, the price of petrol reduced by 39 paise and in Kolkata it was 36 paise. The new rates at which the petrol is being sold in Chennai is Rs 75.62 and in Kolkata, it is being sold at Rs 74.88 per litre.
Not only petrol, the diesel price also decreased in the two metros. The price of diesel was slashed by 43 paise in Chennai and 41 paise in Kolkata. With this, the diesel is being sold in Chennai at a rate of Rs 71.52 per litre, while in Kolkata it is being sold at Rs 69.57 per litre.
The reduction in prices of petrol and diesel declined since third week of last month, due to decrease in crude oil prices. In October, the prices of petrol crossed Rs 90 per litre and the diesel reached to almost Rs 80 per litre in Mumbai. With this decrease in fuel price, it is expected that the rates of essential commodities will also decline, giving respite to consumers.