Petrol, diesel prices see big cut on Saturday following Coronavirus outbreak | Economy News


New Delhi: Fuel prices had been dropped additional on Saturday after worldwide crude oil charges fell sharply following the outbreak of Coronavirus in China.

The worth of petrol was cut by 27 paise and that of diesel by diesel by 30 paise a litre throughout all main cities on Saturday.

The petrol now prices Rs 74.16 a litre in Delhi, Rs 79.76 a litre in Mumbai, Rs 76.77 a litre in Kolkata and Rs 77.03 a litre in Chennai after the worth cut.

Similarly, diesel prices Rs 67.31 a litre in Delhi, Rs 70.56 a litre in Mumbai, Rs 69.67 per litre in Kolkata and Rs 71.11 a litre in Chennai, based on the Indian Oil Corporation web site.

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Brent crude was buying and selling at $60.56 per barrel on Saturday morning, down by 2.43 per cent from the earlier shut of $62.07 per barrel on fears of droop in demand follwing the outbreak of lethal Coronavirus in China.

The retail prices of gas are dependent on the worldwide crude prices and the rupee-US greenback alternate fee as India imports virtually 80 per cent of its crude necessities.

Domestic petrol and diesel prices are reviewed by oil advertising firms on a day by day foundation. Price revisions are carried out on the gas stations with impact from 6 a.m.
 

 





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