Petrol prices decline by an average of almost Rs 10, Diesel by Rs 6.5 in the last 8 weeks

It is also anticipated by think tanks across the world that the prices of Brent crude might go down further, resulting in an additional decline in the fuel prices.

Ever since the astronomical rise in prices of Brent crude in the international market and the weakening rupee against the dollar, the fuel prices of Petrol and Diesel in the Indian markets were at an all-time high.

However, now the country is witnessing a steady decline in petrol and diesel rates in the last several weeks. To understand the quantum of reduction in prices of fuel, We have analysed the reduction in rates of fuel in four metro cities: Mumbai, New Delhi, Bengaluru and Kolkata.


From the high of Rs. 91.39 on October 4, 2018, the rates have come down 12.3% to Rs. 80.12/litre on November 23, 2018. In the month of November alone, the petrol rates have come down approximately 5.6% in the city of Mumbai.

- Advertisement - - Article resumes -

Similarly, from the high of Rs. 80.15/litre for diesel in Mumbai, the price has drastically come down to Rs. 72.65/litre, a reduction of 9.3% in a matter of a few weeks.

New Delhi

In the last 20 days, there has been a marked decrease in the prices of fuel in the Nation’s capital New Delhi. Petrol which was available at Rs. 84.06 in early October is now available at Rs. 74.58, a reduction of staggering 11.27%.

Whereas the current price of Diesel in New Delhi is Rs. 69.38/litre. The decline is about 8.3% from the high of Rs. 75.74/litre around mid-October.


Petrol was soaring at Rs. 84.72/litre on October 4 in the Southern metropolis of Bengaluru. Since then, there has been a fall in the prices and it is currently almost 11% cheaper from its high at Rs. 75.17/litre.

The diesel was at a high of Rs. 75.89/litre last month. It has firmly come down from mid-October and is at Rs. 69.74/litre, down about 8.1%.


Petrol prices saw a steep fall of about 10.3% to Rs. 76.94/litre this month from its high of Rs. 85.8/litre in the last month in the city of Kolkata.

Diesel prices in Kolkata were at unprecedented levels around 18th of October, 2018 at around Rs. 77.54/litre. Since then, there has been a downward trend in the prices of Diesel in Kolkata. The current price of Diesel in Kolkata is about Rs. 71.55/litre and is 7.7% down from its high.

If the price decline in the 4 largest metropolitan cities are averaged out, Petrol prices have declined by almost Rs 10, Diesel by Rs 6.5 in the last 8 weeks.

It is also anticipated by think tanks across the world that the prices of Brent crude might go down further, resulting in an additional decline in the fuel prices.

But as the prices of fuel have been firmly going down, in the last couple of weeks, in particular, the praise around the declining fuel prices haven’t matched the decibels the soaring prices of fuel did. In fact, the brickbats and the praise should not accrue to the Modi government since the prices of Petrol would follow the international markets. However, opposition’s selectivity reaks of political opportunism.

Note: The data collected for the above representation is as of November 26, 2018, and sourced from Mypetrolprice.

Share This Post and Support:
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.

Most read articles recently

Dear Gujarat Samachar editor, how do you live with yourself?

Gujarati daily's insensitive headline over Pulwama attack has got readers upset

Pakistan funded Islamic terrorist blows up 300 kgs of IED, actor brings ‘Hindu right wing’ argument to shield Pakistan

Jaaved Jaaferi refuses to hold Pakistan accountable for the attack, instead equates Hindus with Jaish Terrorists.

Delhi’s education minister deletes tweet after being educated about electricity supply to Pakistan by Adani

Sisodia, without apologising or issuing a clarification, chose to quietly delete the tweet after being called out

NDTV suspends Deputy News Editor for celebrating Pulwama terror attack, may take further action

NDTV Deputy News Editor Nidhi Sethi suspended by the channel for her Facebook comment celebrating the Pulwama attack
Congress mouthpiece National Herald whitewashes Pulwama terrorist Adil Ahmed Dar

More stories about terrorist and his family than martyrs – what does it tell about the media?

The English language Indian media has focused more on ‘human stories’ about the terrorist than about the Pulwama martyrs.

JNU ‘student’ who was accused of stealing funds in Kathua case found spreading rumours about Kashmiri girls trapped in Uttarakhand

CRPF also issued a notice that certain 'miscreants' on social media are spreading rumours and hate on social media

Pulwama attack: Foreseeing strong and fast reaction from India, Pakistan relocates its terrorists nearer to Pak army camps

As per the report, Pakistan has not even vacated the winter posts along the LoC which it usually does.

Pulwama attack: Justice doesn’t give a tiny rat’s furry posterior about the sensibility of elites who go where the money takes them

Pulwama attack victims' mortal remains weren't even cold yet. The candles lit by the nation has not even been blown out by a sorrowful sigh of the nation, that the vultures started circling the remains
Days after Pulwama attack, Kamal Haasan toes the Pakistan line

Kamal Haasan demands ‘referendum’ in Kashmir, terms Pakistan Occupied Kashmir as ‘Azad Kashmir’

Days after Pakistan sponsored Pulwama attack, Kamal Haasan has echoed the sentiments of terrorist state Pakistan when he sought a 'referendum' in Jammu and Kashmir
Rahul Gandhi

BJP government got soldiers killed for electoral gains: Gujarat Congress leader’s controversial remark

Congress leaders and supporters have been trying to float the theory that the Pulwama attack was an inside job

Latest articles

Connect with us


Don't miss these