After the global outbreak of the deadly Coronavirus epidemic, fuel prices have dropped as international crude oil went into a free fall due to major slump in demand.
From today, the price of petrol has been cut by 24-27 paise a litre and of diesel it has been also been cut by 25-26 a litre across all major cities in the country.
According to an India TV News report, after the reduction in price; petrol now costs Rs 70.59 per litre in Delhi, Rs 76.29 per litre in Mumbai, Rs 73.28 a litre in Kolkata and Rs 73.33 per litre in Chennai.
Taking a look at diesel, it costs Rs 63.26 a litre in Delhi, Rs 66.24 a litre in Mumbai, Rs 65.59 a litre in Kolkata and 66.75 per litre in Chennai, India TV further reported.
As per Indian Oil Corporation website, international crude oil prices collapsed first time in decades on March 8. This decline was because of sinking demand due to coronavirus scare worldwide.
Meanwhile, the domestic petrol and diesel prices are reviewed by recognized oil marketing companies on a daily basis.
