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Thursday, May 31, 2018

2018 Petrol Price Revision - Petrol price cut by 7 paise per litre, diesel by 5 paise Thursday May 31,2018

Petrol price was on Thursday May 31,2018 cut by 7 paise a litre and diesel by 5 paise — the second reduction in as many days on the back of softening international oil rates.

Petrol in Delhi now costs ₹78.35 a litre, down from ₹78.42, according to a price notification issued by State-owned oil firms.

Diesel rates have been cut to ₹69.25 per litre from ₹69.30.

This is the second reduction in rates coming after a 16 day relentless price hike that followed lifting of a nearly three-week hiatus on price revision just before Karnataka went to polls.

Petrol and diesel prices were yesterday cut by 1 paisa a litre each. That reduction followed rates touching an all-time high of ₹78.43 per litre for petrol and ₹69.31 for diesel in Delhi on May 29,2018

Prices vary from State-to-State depending on local sales tax or VAT. Delhi has the cheapest price among all metros and most state capitals.

In the 16 consecutive increases since May 14, 2018 petrol price was hiked by ₹3.8 per litre and diesel by ₹3.38.


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