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Mon, Sep 24, 2018 | Last Updated 10:44 am IST

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Will Petrol price decline as Global Crude Oil cost eased?

Will Petrol price decline as Global Crude Oil cost eased?
Will Petrol price decline as Global Crude Oil cost eased?
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According to sources petrol prices across the four metro cities rose for the 12 consecutive day on Friday, but consumers can expect some respite in the coming days as global crude oil cost eased. Meanwhile in the national capital, price of petrol rose to Rs 77.83 from Rs 77.47 per litre on day to day basis.



Accordingly petrol prices also rose in other major cities of Kolkata, Mumbai and Chennai, where the fuel cost Rs 80.47, Rs 85.65 and Rs 80.80 per litre, respectively, against Thursday's levels of Rs 80.12, Rs 85.29 and Rs 80.42 per litre. Further the prices in Delhi, Mumbai and Chennai have already reached record levels, while in Kolkata, it is inching close to a four year high level.

Will Petrol price decline as Global Crude Oil cost eased?

Moreover as per the pricing mechanism, the domestic petrol prices are dependent upon the international fuel price on a 15 day average. Furthermore in tandem with petrol prices, diesel prices in Delhi, Kolkata, Mumbai and Chennai also rose to fresh record highs of Rs 68.75, Rs 71.30, Rs 73.20 and Rs 72.58 per litre, respectively. Earlier on Thursday, prices in these cities stood at Rs 68.53, Rs 71.08, Rs 72.96 and Rs 72.35 per litre.

Will Petrol price decline as Global Crude Oil cost eased?

Will Petrol price decline as Global Crude Oil cost eased?
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