New Delhi, May 30 : Fuel prices dropped by 6 paise per litre on Thursday.
In Delhi, petrol retails at Rs 71.80 per litre as against yesterday's Rs 71.86 p/l while diesel costs Rs 66.63 a litre (Rs 66.69 p/l on Wednesday).
In Mumbai, people have to shell out Rs 77.41 per litre while yesterday it was Rs 77.47 p/l. Diesel retails at Rs 69.82 a litre as against yesterday's Rs 69.88 per litre.
According to Indian Oil Corporation website, petrol and diesel cost Rs 73.86 p/l as against yesterday's Rs 73.92 while diesel is being sold for Rs 68.39 a litre in Kolkata.
Similarly, in Chennai, petrol is retailing at Rs 74.53 per litre and diesel costs Rs 70.43 per litre.
In Noida, petrol is available at Rs 71.39 per litre and diesel costs Rs 65.70 a litre.
In Gurugram, petrol is being sold for Rs 71.91 a litre and diesel Rs 65.78 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. (UNI)