Hyderabad: For the first time in 2021, prices of petrol and diesel were reduced after a steep fall in crude oil prices globally. Government oil marketing companies (OMCs) on Wednesday cut petrol and diesel prices,petrol by 18 paise and diesel by 17 paise respectively.
OMCs may soon reduce rates due to a sharp drop in global crude oil prices due to rising cases of covid-19 and the resumption of lockdowns in some countries.
After today’s cut, a litre of petrol in Delhi costs Rs 90.99, down from Rs 91.17. Petrol rates have also dropped in other major cities including Kolkata (Rs 91.18), Mumbai (Rs 97.40), Chennai (Rs 92.95), Bengaluru (Rs 94.04), Hyderabad (Rs 94.61) and Jaipur (Rs 97.56).
Meanwhile, diesel price in Delhi has now come down to Rs 81.30, down 17 paise from yesterday.
It has also dropped in other major cities including Kolkata (Rs 84.18), Mumbai (Rs 88.42), Chennai (Rs 86.29), Jaipur (Rs 89.84), Bengaluru (Rs 86.21) and Hyderabad (Rs 88.67).
Although today’s decline may not provide enough relief to the citizens, the fact that OMC has reduced rates after the fall in global oil prices is a positive development.
In the first two months of this year only, petrol prices were increased by ₹4.87 per litre and diesel rates have been raised by ₹4.99
Fuel prices are different in each state, as they include freight charges as well as taxes levied by the central and state governments.
