File photo of a petrol pump
File photo of a petrol pump|NetIndian
Business & Economy

Petrol, diesel price down by Rs 1.50 per litre in 2 weeks


New Delhi, January 24, 2020

After another cut in the petrol and diesel prices for the second consecutive day on Friday, fuel prices have come down by more than Rs 1.50 per litre in two weeks, giving a major relief to consumers.

Oil marketing companies on Friday cut petrol prices by 22 paise in Delhi, Kolkata and Mumbai, and by 23 paise per litre in Chennai. The price of diesel has been reduced by 25 paise in Delhi and Kolkata, and by 27 paise per litre in Mumbai and Chennai.

In Delhi, petrol price has come down by Rs 1.58 per litre in two weeks, while diesel price has reduced by Rs 1.56 per litre.

According to the IndianOil website, the price of petrol in Delhi, Kolkata, Mumbai and Chennai has come down to Rs 74.43, Rs 77.04, Rs 80.03 and Rs 77.31 per litre, respectively.

The price of diesel in the four metros has come down to Rs 67.61, Rs 69.97, Rs 70.88 and Rs 71.43 per litre, respectively.

Crude oil prices in the international market have been going down for the last four days. The price of Brent crude has fallen by more than US $3 per barrel and closed at US $65.20 per barrel on January 20 in the Intercontinental Exchange. It stood at US $62.09 a barrel on Friday.