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    Fuel prices drop for 13th straight day, petrol at Rs 77.39/litre in Mumbai

    Fuel prices drop for 13th straight day, petrol at Rs 77.39/litre in Mumbai

    Fuel prices drop for 13th straight day, petrol at Rs 77.39/litre in Mumbai
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    By Suman Singh   IST (Published)

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    Fuel prices fell for the 13th session on Tuesday, with petrol trading below Rs 80 per litre mark and diesel below Rs 70 per litre mark across all major cities.

    Fuel prices fell for the 13th session on Tuesday, with petrol trading below Rs 80 per litre mark and diesel below Rs 70 per litre mark across all major cities.
    In Mumbai, petrol was priced at Rs 77.39 per litre, while diesel at Rs 69.48 per litre.
    According to the Indian Oil Corp data, petrol prices in New Delhi, Kolkata and Chennai were at Rs 71.72 per litre, Rs 73.75 per litre and Rs 74.41 per litre, respectively, while diesel stood at Rs 66.39 a litre in New Delhi, Rs 68.12 a litre in Kolkata and Rs 70.09 a litre in Chennai.
    Petrol prices have declined by more than Rs 10.90 per litre and diesel by Rs 9.87 per litre in a little over a month in Mumbai on softer international rates.  In New Delhi, the prices have fallen Rs. 11.11 per litre for petrol and Rs 9.30 per litre for diesel since October 17.
    Global crude oil prices, on the other hand, have lost nearly 30 percent from the peak of $86.70 a barrel hit on October 3.
    As per the country's pricing mechanism, domestic fuel prices depend on international fuel prices on a 15-day average, besides the value of the rupee.
     
    (With inputs from agencies)
     
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