Resident Weekly

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June 20 Fuel Prices : Check petrol, diesel rates in Delhi, Mumbai, and other cities

In Mumbai, petrol is selling at Rs 111.35 and diesel at Rs 97.28.

Petroleum and diesel costs have held consistent up to this point, the most recent cost notice gave by fuel retailers shows. Costs have stayed unchanged ever since the government on May 21 cut the excise duty on petrol by Rs 8 a liter and on diesel by Rs 6 a liter.

The duty cut brought down the petrol cost in Delhi by Rs 9.5 a liter and Rs 7 a liter for diesel. Petrol in Delhi costs Rs 96.72 and diesel Rs 89.62.

In Mumbai, petrol is selling at Rs 111.35 and diesel at Rs 97.28. Petrol and diesel costs are Rs 102.63 and Rs 94.24 per in Chennai, while in Kolkata, petrol is at Rs 106.03 and diesel at Rs 92.76.

Oil marketing company are incurring a loss of Rs 13.08 a liter on petrol and Rs 24.09 on diesel as they pass on the excise duty to customers in India, which meets 80% of its fuel needs through imports.

Oil costs wobbled from the beginning June 20as investors refocused on tight supplies, however feeling was as yet delicate after 6% slump in the previous session amid concerns about slowing global economic growth and fuel demand.

Brent crude futures acquired 20 cents, or 0.2 percent, to $113.32 a barrel by 0105 GMT, after rising as much as 1% prior. Front-month costs tumbled 7.3 percent last week, its most memorable week by week fall in five.

Selling diesel at Rs 20-25 a liter beneath cost and petrol at Rs 14-18 for every liter underneath cost, as a result of a price freeze despite soaring crude rates is unsustainable, an industry body representing private fuel retailers like Jio-bp and Nayara Energy has told the Oil Ministry and has looked for its intervention to create a viable investment environment.

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