New Delhi, June 24: Petrol prices fell for the fourth consecutive day and were effective from 6 am in the morning today, June 24. The new revised fuel rates list was shared by the Indian Oil Corporation (IOC) on its website. As per the revised rate list, the petrol price rate now stands at Rs. 75.79 in New Delhi, Rs. 78.47 in Kolkata, Rs. 83.44 in Mumbai and Rs. 78.65 in Chennai. Rates have also fell in other states as well and can be checked on the IOC’s website. Also Read - Offensive Tokyo Olympics Parody Logo Pulled From Website After Controversy
The new rates showed a decline of nearly 14 paise per litre in the national capital and Kolkata, while it showed a 17 paise and a 15 paise decline in both Mumbai and Chennai respectively. As petrol prices fell so did the diesel prices too. In the metropolitan cities- Delhi, Kolkata, Chennai and Mumbai, the diesel prices fell by 7 paise and 11 paise respectively in the mentioned cities. The revised prices for diesel are Rs. 67.54 for Delhi, Rs. 70.09 for Kolkata, Rs. 71.76 for Mumbai and Rs. 71.29 for Chennai. Also Read - IOC Asks International Federations to Finalise Dates of Tokyo Games Qualifiers
Both petrol as well as diesel prices have been continuously revised in the last few days. With the global crude prices on the rise, the opposition has criticised the National Democratic Alliance government for not decreasing the taxes on petroleum products. Union minister Arun Jaitley had responded to that saying that any cuts in excise duty on petrol and diesel as demanded by opposition parties could push India in a debt trap. Jaitley reportedly said, “Reliefs to consumers can only be given by a fiscally responsible and a financially sound central government, and the states which are earning extra due to an abnormal increase in oil prices.” Also Read - Virus Expert Warns Tokyo Olympics Will Unlikely be Held in 2021
The day to day changes in the domestic petrol and diesel rates are currently reviewed by state-run oil marketing companies such as Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation.