Mumbai, Sept 13: Petrol and diesel prices witnessed a marginal fall on Wednesday even as the overall price remained highest in the past three years. Fuel prices have been on the rise in the past two months. While the prices saw a fall in the initial fortnight since the day dynamic pricing came into effect on June 16, the cost of fuel has been seeing a continuous rise in the past two months. While petrol price has crossed Rs 70 per litre in Delhi, it is close to Rs 80 per litre in Mumbai. Diesel prices also fell marginally on Wednesday across cities.
On Wednesday, September 13, petrol in Delhi cost Rs 70.35 per litre, in Mumbai Rs 79.46 per litre, in Kolkata Rs 73.09 per litre, in Chennai Rs 72.92 per litre and in Bengaluru Rs 71.45 per litre. The last time in the past three years that petrol price was above Rs 70 in Delhi before this was on August 15, 2015, when it went to Rs 70.33 per litre. In Mumbai, the petrol prices have gone above Rs 79 for the first time in the past 3 years.
Meanwhile, petrol prices in Delhi have risen by Rs 7 in over two months, while Mumbai is paying Rs 5 more than what was on July 1. Kolkata and Chennai, too, are paying Rs 7 more than what they were paying for petrol on July 1.
Following shutdown in the US due to Hurricane Irma, international fuel prices have witnessed a rise leading to a hike in petrol and diesel prices in India too. While prices went down marginally on Wednesday, it remains to be seen whether the trend remains over the next few days as well.
Earlier this month, Oil Minister Dharmendra Pradhan said the daily revision in petrol and diesel prices will continue. He said the daily revision immediately passes on the benefit of any reduction in international oil prices to consumers and avoids sharp spikes by spreading them in small doses. “It is in the interest of consumers. I don’t think that there is a need for change in it,” Pradhan said.