On September 1, petrol prices nationwide decreased by 10 to 15 paise after remaining stable for seven days in a row. On the first day of the month, the cost of fuel was also reduced by 14 to 15 paise The cost of gasoline and diesel in Delhi was reduced by 15 paise apiece. With this change, the retail price of gasoline in the nation’s capital fell to Rs101.34 per liter and that of diesel to Rs88.77.
Similar trends in fuel costs were seen in Mumbai. A liter of gasoline now costs Rs107.39 after the price of gasoline was reduced by 13 paisas. On May 29, the financial center became the first metro area in the nation where gasoline was being sold at more than Rs100 per liter. In Kolkata, the cost of gasoline and diesel decreased by 10 and 14 pence, respectively. With the price reduction, a liter of gasoline now costs Rs 101.72 in the city, while a liter of diesel costs Rs 91.84.
The last time the cost of gasoline and diesel went up was on July 17. Prior to it, the price of gasoline increased by Rs11.44 per liter from May 4 to July 17. During this time, the price of fuel has climbed by Rs 9.14. Due to the current price hike, diesel costs more than Rs100 per liter in at least three states and more than half of the country.
For feedback and suggestions, write to us at editorial@iifl.com