Petrol Price Decrease For Sixth Straight Day Even As Crude Oil Gains Globally

The petrol price has been declining for the sixth straight day even as oil prices in the international market soared amid anticipation of rate cut by the Federal Reserve. The international benchmark for oil was last seen at $64.04 a barrel, 33 cents higher than the previous close, while the US WTI was at $57.17 a barrel, up 30 cents from the last settlement.

Petrol in metros inched lower by 13-14 paise per litre while diesel prices also declined for the second consecutive day by 7-8 per litre across metros.

In Delhi, petrol and diesel are selling at Rs 72.86 and Rs 66 a litre respectively. Yesterday, while petrol was selling at Rs 72.99 per litre, diesel was selling at Rs 66.07 per litre. In Kolkata, petrol and diesel are selling at Rs 75.50 a litre and Rs 68.19 a litre respectively. In Chennai, petrol is being sold at Rs 75.66 a litre, 14 paise less than yesterday's price, whereas for diesel people need to shell out 7 paise less for one litre of diesel, as it is selling at Rs 69.71 per litre, according to Indian Oil Corporation website.

In Mumbai, while petrol is costing Rs 78.48 a litre, diesel is retailing at Rs 69.17 per litre. Diesel and petrol prices have been slashed by 7 paise and 13 paise respectively.

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