Fuel prices reduced, petrol and diesel cheaper by INR 1.46 and INR 1.53 respectively

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With the demonetization move coming to effect since almost a week now, most of us have had a tough time sourcing new INR 500 notes or even the regular INR 100 notes, a bundle of which has now become a rare sight. Let us give you pleasant news, to say the least as fuel prices across the country will see a reduction in a matter of a few hours. Prices of petrol and diesel have been reduced by INR 1.46 and INR 1.53 respectively.

petrol price cut

Indian Oil Corporation issued a statement regarding the price cut that said ‘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. The movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes.’

Following are the new city wise prices for petrol and diesel:


Cities Old Prices New Prices
Delhi 67.62 65.93
Mumbai 74.00 72.29
Chennai 67.13 65.41
Kolkata 70.24 68.67


Cities Old Prices New Prices
Delhi 56.41 54.71
Mumbai 62.15 60.32
Chennai 58.02 56.24
Kolkata 57.64


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