Petrol, diesel prices cut by 9 paise each

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NEW DELHI, Jun 02: For the fourth straight day, prices of petrol and diesel were reduced as on Saturday, both the petro products saw a 9 paise per litre cut in the major metros.

In the capital city of Delhi, petrol now costs Rs 78.20 a litre, and diesel costs Rs 69.11 per litre. The revised petrol prices in other metro cities are – Rs 80.84 in Kolkata, Rs 86.01 in Mumbai and Rs 81.19 in Chennai.

Meanwhile, the revised diesel prices in other metro cities are – Rs 71.66 in Kolkata, Rs 73.58 in Mumbai and 72.97 in Chennai.

The price of petrol in Delhi has now come down by 23 paise since May 30, the day when prices were slashed by a minimal 1 paise per litre.

The prices started scaling down after 16 days of relentless price hikes that followed lifting of a nearly three-week hiatus on price revision just before Karnataka went to polls.

Meanwhile, reports suggest the government may ask state-owned Oil and Natural Gas Corp (ONGC) to bear fuel subsidy to help cut petrol and diesel prices.

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