New Delhi, June 4: Fuel prices were lowered for the sixth straight day by oil corporations on Monday, as petrol prices dipped by 14-15 paise in Mumbai, Delhi, Kolkata and Chennai. The cumulative drop in rate over the past six days is between 45-49 paise.
The petrol price in Mumbai was slashed to Rs 85.77, in Delhi the per litre charge of the day is Rs 77.96, whereas, the fuel will be charged at Rs 80.60 and Rs 80.94 in Kolkata and Chennai, respectively.
Diesel prices in Mumbai has plummeted to Rs 73.43, in Delhi it will be charged today at Rs 68.97. The fuel will cost Rs 71.52 in Mumbai and Rs 72.82 in Chennai.
Check City-Wise Petrol Rates For Today, June 4:
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Check City-Wise Diesel Rates For Today, June 4:
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The rate cut over the past six days came in the backdrop of oil companies raising the fuel rates by upto Rs 9-10 per litre through consecutive hikes for 16 days. The price increment, analysts claim, was necessitated due to the rising crude oil prices, combined with the domestic rate kept unchanged for 17 days prior to the Karnataka assembly elections.
(The above story first appeared on LatestLY on Jun 04, 2018 10:59 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).