This festive season has got some good news for people driving a petrol driven vehicle. Petrol price in Delhi has come down by Rs. 1.82 per liter owing to decline in overseas oil prices. The prices may vary state wise as there are different taxation and VAT policies. Diesel on the other hand has been hiked by about 50 Paise per liter in Delhi. Post reduction petrol shall now cost Rs. 68.51 a litre in Delhi, Rs. 76.14 in Kolkata, Rs. 76.41 in Mumbai and Rs. 71.55 in Chennai.
As per a statement released by Indian Oil, “This reduction was mainly on the back of a declining trend in international petrol prices. Since the last price change, petrol prices have continued to show a downward trend and the INR-USD exchange rate has also appreciated slightly. The current levels of international oil prices and INR-USD exchange rate warrant a decrease in selling price of petrol in the domestic market. Thus a downward revision in selling price of petrol prices is being effected.”
As for LPG, international prices have also come down considerbly. With this, the non-Subsidised LPG cylinder cost has been reduced by about Rs. 19 for a 14.2 kg cylinder, whereas commercial cylinder cost has been reduced by Rs. 32 for a 19g cylinder in Delhi. The price reduction in other states depend on local taxes and VAT.
