State-run oil marketing companies marginally lowered the prices of diesel in metros on Saturday, while maintaining petrol rates at existing levels. In Delhi, the price of diesel was reduced to Rs 73.27 per litre, from Rs 73.40 per litre, with effect from 6 am on September 5, whereas that of petrol was left unchanged at Rs 82.08 per litre, according to notifications by state-run Indian Oil Corporation, the country’s largest fuel retailer. In Mumbai, the price of diesel was revised to Rs 79.81 per litre, from Rs 79.94 per litre, while that of petrol was kept at Rs 88.73 per litre. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)
Here are the prices of petrol and diesel (in rupees per litre) in the four metros on September 5:
|Source: Indian Oil|
Currently, Indian Oil and two other state-run oil marketing companies – Bharat Petroleum and Hindustan Petroleum – review the petrol and diesel rates in various parts of the country on a daily basis. Any changes in rates are implemented at fuel stations with effect from 6 am.
Meanwhile, crude oil prices fell 3.20 per cent to settle at $42.66 per barrel on Friday, marking their biggest weekly drop since June, as fears of a slow economic recovery from the COVID-19 pandemic compounded worries about weak oil demand.
The rupee ended 33 paise – or 0.46 per cent – higher at 73.14 against the US dollar.