Petrol prices are down around Rs 5 and diesel around Rs 3.5: Price table for metros

Oil marketing companies cut the price of petrol by Rs 3.77 per litre and that of diesel by Rs 2.91 a litre for the first time after two-and-a-half months on Friday midnight.

Petrol price will be cut by Rs 3.77 per litre, excluding state levies, said Indian Oil Corp (IOC). Actual decrease will be larger after taking into account the local levies.

Similarly, diesel rate was cut by Rs 2.91, excluding state levies.

So the prices are actually down around Rs 5 across the four metros for petrol and diesel by Rs 3.5.

The last time the petrol prices corrected by Rs 5-5.5 was on 29 January 2009. For diesel, however, the price had seen a sharp fall on 1 August 2015, when the prices fell by Rs 3.6-3.9.

“The current level of international product prices of petrol and diesel and INR-USD exchange rate warrant decrease in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision,” IOC said in a statement.

Here’s a price table by metros:

With PTI inputs

Data by Kishor Kadam