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Fuel prices slashed - Petrol rates cut by Rs 2.69, diesel by Rs 2.33

  •   Wed, Mar 11 2020 12:58:55 PM

Daijiworld Media Network - New Delhi (SHP)

New Delhi, Mar 11: With the international crude oil witnessing a free fall, the price of fuel in India saw further decline on Wednesday. The prices of petrol and diesel saw a sharp cut of more than Rs 2. Following the pandemic of coronavirus, the crude oil suffered a major slump in demand.

Petrol has been cut by 2.69, now costs Rs 70.29 per litre. Meanwhile, diesel prices have been reduced by Rs 2.33 at Rs 63.01. The price of international crude oil dropped the most in decades on Sunday. The collapse is attributed to the sinking demand due to coronavirus scare worldwide.

For the first time in eight months on Monday, the petrol prices slipped below Rs 71 mark.

International oil prices crashed close to 31 per cent, the second-largest margin on record, after the disintegration of OPEC+ alliance which caused an all-out price war between Saudi Arabia and Russia.

 
  

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Comment on this article

  • Rudolf Rodrigues, Mumbai

    Wed, Mar 11 2020

    Yes bank, DHFL, PMC etc. large scale jhumlas were going on since years, but how come RBI AND OTHER WATCHDOGS were sleeping??

    DisAgree [1] Agree [2] Reply Report Abuse

  • Ramesh, Udupi

    Wed, Mar 11 2020

    Right time to make money to buy MLA's.

    DisAgree [1] Agree [2] Reply Report Abuse

  • Rudolf Rodrigues, Mumbai

    Wed, Mar 11 2020

    This price war is going to escalate further as Saudi Arabia is help bent on finishing Russia!
    RELIANCE will be affected in a big way! Saudi Aramco share price has sunk below IPO price making huge loss to investors! Corona virus has indirectly broken the rogue oil cartel, and will teach them a lesson, which they long deserved!

    DisAgree [1] Agree [1] Reply Report Abuse

  • Aloysius, Kinnigoli

    Wed, Mar 11 2020

    In Pakistan 1 ltr super petrol cost Pak Rs;111.59 = INRS: 51.93/-

    Light Speed Diesel Rs. 77.51 /Ltr = INRS :36.07

    DisAgree [2] Agree [9] Reply Report Abuse

  • Patel, Mangalore

    Wed, Mar 11 2020

    this is for sure, fuel price will increase or decrease in same way whoever runs the government. and it is duty of opposition to oppose it when in opposition .......... in todays time a weak opposition has failed miserably to protest over many issues

    DisAgree [5] Agree [3] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Mar 11 2020

    Mukesh Ambani will be Disappointed ...

    DisAgree [2] Agree [6] Reply Report Abuse

  • Ramnath Kamath, Mangaluru

    Wed, Mar 11 2020

    Let's not complain saying international prices have fallen. Lets think of how much Modi ji is doing for the nation. He needs the money for developing the nation keeping in mind a bright future for all of us. We should not hesitate to pay more for the sake of our hardworking and sacrificing leader.

    DisAgree [42] Agree [10] Reply Report Abuse

  • Shararth Kotian, Mangalore

    Wed, Mar 11 2020

    You have same to a wrong forum where leftist liberals are not so good fan of GVMNt or Modi, we all know how much you ppl love BJP ..So waste of time

    DisAgree [1] Agree [18] Reply Report Abuse

  • Adithya Sandeep, Mangalore

    Wed, Mar 11 2020

    What has he sacrificed according to you?

    DisAgree Agree [5] Reply Report Abuse

  • Ramnath Kamath, Mangaluru

    Wed, Mar 11 2020

    He works for 18 hours daily. He travels non stop inspite of his age for the benefit of the country. He has sacrificed family life for the sake of the nation. He has to constantly listen to the abuses of people and still work tirelessly. Only our dear leader Modi ji can make it possible.

    DisAgree [4] Agree Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Mar 11 2020

    Petrol should have been priced Rs. 50 & Diesel 45 ...

    DisAgree [4] Agree [38] Reply Report Abuse

  • Mbeary, Dxb

    Wed, Mar 11 2020

    Global prices have gone down by 35%.
    We get peanuts as discount.
    Better than this central/lifestyle's upto 50% discount

    DisAgree [2] Agree [33] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Wed, Mar 11 2020

    @ Shankar,

    Why disagreed ?

    DisAgree [1] Agree [6] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Wed, Mar 11 2020

    Thanks should go to Saudi Arabia & Russia.
    Like the classic saying:-
    ‘Third party getting all the benefit while two others are fighting’

    DisAgree [1] Agree [19] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Wed, Mar 11 2020

    Neither Indian government nor Modiji have done anything for the oil price decline on intl. level.

    Thanks should go to Saudi Arabia & Russia.
    Like the classic saying:-
    ‘Third party getting all the benefit while two others are fighting’
    Shankar, that is the fact.

    DisAgree [4] Agree [21] Reply Report Abuse

  • Roshan Rodrigues, Mangalore

    Wed, Mar 11 2020

    One barrel means 159 Ltr
    34 $ means Rs 2502.32

    2502.32 ÷ 159Ltr = 15.70

    And we are getting for Rs 71.00
    Jai ho Kisko?

    DisAgree [4] Agree [28] Reply Report Abuse

  • Aloysius, Kinnigoli

    Wed, Mar 11 2020

    Hi,
    It is 159 ltrs (42 gallons)crude oil.

    average of about 20 gallons of motor gasoline and about of 11 gallons of ultra low sulfur distillate fuel oil from one 42-gallon barrel of crude oil,

    DisAgree [2] Agree [6] Reply Report Abuse

  • Geru, Mlr

    Wed, Mar 11 2020

    1 barrel of crude oil cannot be compared with cost of petrol and diesel
    Crude oil you mentioned is international market price.it has b transported to Indian shore then refined nd processed in oil refineries. And then transported to your petrol bunks..lots of logistics and conversions are involved boss...it will come around 40 Rs when it comes out of factories.rest to govts..

    DisAgree [4] Agree [14] Reply Report Abuse

  • Roshan Rodrigues, Mangalore

    Wed, Mar 11 2020

    2012- 2014 Jan

    One barrel means 159 Ltr
    1$ Rs 68.00
    140 $ means Rs 9520.00

    9520 ÷ 159Ltr = 59.90

    And we are getting for Rs 70.00

    Still there were Bundh Road show and many more

    DisAgree [1] Agree [10] Reply Report Abuse

  • Sanjay, Hebri

    Wed, Mar 11 2020

    Do you know something about credit purchase? Thats what happened in UPA

    DisAgree [18] Agree [7] Report Abuse

  • David Pais, Mangalore

    Wed, Mar 11 2020

    @sanjay, thanx or no thanx 2 covid19 as v have saved much tax payers money from chaiwal p.m's 4in tours cancellations

    DisAgree [4] Agree [16] Report Abuse

  • Flavian, Mangaluru/Kuwait

    Wed, Mar 11 2020

    Modi Sarkar,
    At last blessings in disguise. (ache din)
    What government could not do, the circumstances are helping to achieve desired goal.

    DisAgree [10] Agree [17] Reply Report Abuse

  • David Pais, Mangalore

    Wed, Mar 11 2020

    compared to int'l crude oil prices (dam cheap in da int'l$33 per barrel) slashed prices of petrol & diesel in india is a peanut's half peanut. remember $140 a barrel in da year 2012 & in india upa sold @70/- per litre. shame on trump 's chiwala.

    DisAgree [8] Agree [28] Reply Report Abuse

  • Sanjay, Hebri

    Wed, Mar 11 2020

    Brought in credit, UPA didn't pay, modi led govt cleared the dues of UPA.

    DisAgree [42] Agree [10] Reply Report Abuse

  • David Pais, Mangalore

    Wed, Mar 11 2020

    banks r looted. indian economy is collapsed. u r in a fools paradise. deficit has & current a/c has increased 3 fold dan da upa. don't blame nehru 4 s.banks failure. s.bank was established in 2004

    DisAgree [8] Agree [27] Reply Report Abuse

  • True Indian, Mangalore

    Wed, Mar 11 2020

    Hahaha bakth spotted, Clearly you are an modi bakth and blind follower.

    Government was in liability But modi crashed and made worsen like never before and sold almost all government owned entity to his friends and partners in outside business world.

    Government should make half of the price for crude oil since modi is in power we cannot expect that change

    DisAgree [4] Agree [18] Report Abuse

  • David Pais, Mangalore

    Wed, Mar 11 2020

    @ rajesh, dubai, u r a kid explaining 2 me about crude oil, bringing 2 india, transport charges & refining labour cost etc., etc.. do u understand crude oil has how many bi-products????????

    DisAgree [5] Agree [12] Report Abuse

  • Sangram sangam, Kundapur

    Wed, Mar 11 2020

    For one painting 2 cores than anybody can understand what is yes bank gotala

    DisAgree [1] Agree Report Abuse

  • Rajesh, ABU DHABI

    Wed, Mar 11 2020

    Dear David Pais
    As you said "compared to int'l crude oil prices (dam cheap in da int'l$33 per barrel)" I hope you know the meaning of Crude Oil, This crude oil should be refined before to use, who will pay for it and who will pay the transport charge to transport it form the country which supply the crude oil?

    DisAgree [17] Agree [5] Reply Report Abuse

  • David Pais, Mangalore

    Wed, Mar 11 2020

    rajesh, abudhabi, u r a kid explaining me about crude oil, bringing 2 india includes transport charges & refining, labour cost etc., etc.. do u understand crude oil has how many bi-products & do da supplier bears all dis cost???????? ridiculous

    DisAgree [3] Agree [11] Reply Report Abuse

  • Shankar, Mangaluru

    Wed, Mar 11 2020

    Thank you Modiji.

    DisAgree [60] Agree [10] Reply Report Abuse

  • Sanjay, Hebri

    Wed, Mar 11 2020

    Its not govt which controls the price....if the oil price decrease, rates will decrease, if it increases rates will increase.... Don't blame govt for price rise or give credit to price drop....

    DisAgree [11] Agree [25] Reply Report Abuse

  • mangalore, moodbidri

    Wed, Mar 11 2020

    Yes your right Sanjay, Hebri ..no use of thanking Modi ...

    DisAgree [5] Agree [34] Reply Report Abuse

  • Aravind, Blr

    Wed, Mar 11 2020

    The only issue is, the crude price fell 30%. Retail prices reduced by 2 Rs. Retail prices should fall to the tune of 30% too. Government is not reducing in line with international prices when the price falls.

    DisAgree [4] Agree [17] Reply Report Abuse

  • Sanjay, Hebri

    Wed, Mar 11 2020

    Oil price is just one component in manufacturing petrol, it needs investment (investment runs and depreciation effects), we need to pay labour component, which is increasing day by day, transportation, delivery, taxes, dealers commission etc remain same or increase....its not just that 30% oil is down and petrol will fall 30%....Its coating, people needs to understand.

    DisAgree [11] Agree [6] Report Abuse

  • David Pais, Mangalore

    Wed, Mar 11 2020

    @sanjay hebri, y den late arun jaitley, sushma swaraj & bjp mahila morcha of mangalore have had sit in strike calling bharath bandh when upa increased petrol diesel prices in india & @ da same time da prices of crude oil price in da int'l market was $140/= per barrel. & 2day crude oil prices in da int'l market is $33/- per barrel @least comment in sense.

    DisAgree [5] Agree [20] Report Abuse

  • Sanjay, Hebri

    Wed, Mar 11 2020

    Its opposition duty to bargain for lesser prices, thats the work people have given them....then.

    DisAgree [9] Agree [8] Report Abuse

  • Aravind, Blr

    Wed, Mar 11 2020

    Most of the components that you mentioned are baked into the final price as a percentage of the base price which is crude oil price. Even if base price of petrol after refining is 30 Rs per liter, 30% is 9 rs. Also, other levies also should fall proportionately. I understand everything in this forum is seen through the lens of congress vs BJP. But as a consumer, we are getting raw deal by both congress and bjp governments and market linked free pricing is just an illusion. Peace.

    DisAgree Agree [8] Report Abuse

  • Sam, AbuDhabi

    Wed, Mar 11 2020

    Crud old price decreased by 30% and fuel price decrease by Rs 2.69 i. e 3.6%. When cude price increases they increase fule price same %. When crude was 120± fuel price was 74+ now whe crud price 35 why the fuel price not come down same as the crude oil price. By the way why we have petroleum minister if its not come under by government. The way u believe is like ur fooling your self.. All big business man take our money kept in bank... Common man will get all the burden. We need some revolution to change this type of politicians who screw our country.

    DisAgree [1] Agree [14] Reply Report Abuse

  • Adithya Sandeep, Mangalore

    Wed, Mar 11 2020

    For making us pay more for petrol and diesel than necessary?

    DisAgree Agree Reply Report Abuse


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