Fuel prices reduced on Sunday

Fuel prices reduced on Sunday

Agency News

New Delhi, Apr 7 : Fuel prices witnessed a decrease on Sunday as petrol gets cheaper by 5 to 6 paise per litre while diesel slashed by 8 paise per litre.

In Delhi, petrol retails at Rs 72.85 per litre as against of Rs 72.91 on Saturday while diesel costs Rs 66.11 an eight paise decrease from Saturday.

In Mumbai, people have to shell out Rs 78.42 for petrol. Diesel retails at Rs 69.19 per litre as against of Rs 69.27 p/l on Saturday.

According to Indian Oil Corporation website, petrol and diesel cost Rs 74.87 and Rs 67.85 a litre in Kolkata. Diesel was retailing at Rs 67.93 on Saturday.

Similarly, in Chennai, petrol is retailing at Rs 75.61 per litre and diesel costs Rs 69.80 a litre.

In Noida, petrol comes at a price of Rs 72.73 per litre and diesel costs Rs 65.33 a litre.

In Gurgaon, petrol is being sold for Rs 72.19 a litre (72.24 on Saturday) and diesel Rs 65.23 per litre against Rs 65.30 per litre yesterday.

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.