Diesel price in India today cut by 2 paisa to Rs 62.87 per litre

Diesel price in India today Tracking the global crude oil performance comes as an important factor for calculating final retail prices of diesel in major state capitals in India.

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Diesel price in India today: Whereas petrol price in India, was cut by 3 paisa, the state-owned oil companies today decided to trim down prices of diesel with lower range by 2 paisa each per litre in various state capitals. The prices were brought down despite international crude prices seeing uptrend on Monday, due to drop in the number of U.S. rigs drilling for more production.

Diesel price in New Delhi: In the national capital city, diesel price was cut by 2 paisa and was available at Rs 62.87 per litre compared to Rs 62.89 per litre of the previous day.

Diesel price in Kolkata: Similarly, 2 paisa cut was made here as diesel was available at Rs 65.56 per litre against Rs 65.58 per litre of the previous day.

Diesel price in Mumbai: Diesel here was valued at Rs 66.95 per litre, down by 2 paisa versus previous day price of Rs 66.97 per litre.

Diesel price in Chennai: Compared to above three metro cities, diesel price in Chennai also saw cut of 2 paisa, and was available at Rs 66.29 per litre from Rs 66.31 per litre of previous day.

Diesel price in other state capitals: Other cities also saw reduction in their diesel prices. The product in cities like Bangalore was available at Rs 63.93 per litre, Bhopal at Rs 66.41 per litre, Bhubaneswar at Rs 67.44 per litre, Chandigarh at Rs 61.03 per litre, Dehradun at Rs 63.50 per litre, Gandhinagar at Rs 67.78 per litre, Hyderabad at Rs 68.31 per litre, Jaipur at Rs 67.34 per litre, Lucknow at Rs 63.34 per litre, Patna at Rs 67.45 per litre, Raipur at Rs 67.92 per litre and Srinagar at Rs 66.20 per litre.

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Moreover, as per Reuters report, a falling rig count and the strong employment data may have helped support prices. On Friday, the U.S. economy added the biggest number of jobs in more than 1-1/2 years in February, with non-farm payrolls jumping by 313,000 jobs last month, the Labor Department, while U.S. energy companies last week cut oil rigs for the first time in almost two months, with drillers cutting back four rigs, to 796, Baker Hughes energy services firm.

With this, U.S. West Texas Intermediate (WTI) crude futures were at $62.22 a barrel at 0102 GMT, up 18 cents, or 0.3%. Also Brent crude futures were at $65.70 per barrel, up 21 cents, or 0.3%, from their previous close.

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