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Mumbai: There has been a huge fall in the price of crude oil in the international market. Brent futures were trading at $75.79 per barrel. The rate was even lower at West Texas Intermediate. Trading was recorded at $71.73. Compared to Thursday, the price of crude oil remained stable at both these places. Did almost flat business.
Although the price of a barrel of crude oil remains in the range of $70-75, the cost of petrol and diesel has not passed on to motorists. The Central Government has not taken any step to provide relief. Oil companies have already released reduced rates of petrol and diesel. Petrol in Delhi costs 96.72 paise per liter and diesel costs 89.62 paise per litre.
Petrol was recorded at Rs 106.35 per liter in Mumbai. The cost of diesel here is 94.28 paise. Petrol in Kolkata costs 106.03 paise and diesel costs 92.76 paise. Petrol rate in Chennai is 102.63 paise and diesel is 94.24 paise. Petrol in Bangalore costs 101.94 paise and diesel 87.89 paise.
Petrol in Lucknow was recorded at 96.57 paise, diesel at 89.76 paise, petrol at Visakhapatnam at 110.48 paise and diesel at 98.38 paise per litre. Petrol in Ahmedabad was recorded at 96.63 paise and diesel at 92.38 paise per litre. Petrol cost in Hyderabad is 109.66 paise, Diesel cost is 97.82 paise, Petrol cost in Patna is 107.24 paise and Diesel cost is 94.04 paise.
Petrol in Thiruvananthapuram was recorded at Rs 107.87 and diesel at Rs 96.67 per litre. Petrol in Noida 96.79 paise, Diesel 89.96 paise, Petrol in Gurgaon 97.18 paise, Diesel-90.05 paise, Petrol in Chandigarh-96.20 paise, Diesel 84.26 paise. Only three states have reduced Value Added Tax after the central government reduced excise duty.