Petrol, diesel prices cut for 12th day

Fuel prices were on Sunday slashed for the twelfth straight day today.

According to data available on Indian Oil website, petrol and diesel prices have fallen by 24 paise per litre and 18 paise per litre respectively in Delhi, Kolkata.

The revised petrol price for Delhi is Rs 76.78. Petrol prices for other metro cities like Kolkata, Mumbai, Chennai are Rs 79.44, 84.61 and 79.69 respectively.

Meanwhile, the revised Diesel price was Rs 70.65 in Kolkata, Rs 72.51 in Mumbai and Rs 71.89 in Chennai.

On May 30, Petrol prices in metro cities were - Mumbai (Rs 86.23 per litre), Chennai (Rs 81.42 a litre), Kolkata (Rs 81.05) and Delhi (Rs 78.42 per litre), while diesel prices were - Mumbai (73.78 per litre), Chennai (Rs 73.18 a litre), Kolkata (Rs 71.85 a litre) and Delhi (Rs 69.30 per litre).

Last week, Union Petroleum minister Dharmendra Pradhan had voiced optimism that petroleum products will be brought under the GST (Goods and Service Tax) purview that will help in checking volatility in fuel prices.