In the case of diesel prices, most cities will pay the same rate as it was yesterday. Diesel per litre in New Delhi will cost you Rs 62.29. Kolkata, Mumbai and Chenna saw no change in fuel rates, costing Rs 64.62, Rs 65.21 and Rs 65.71 per litre.
Amid tumbling crude oil prices, India is yet to see a sharp fall in the retail price of petrol and diesel. The current base of petrol price is at Rs 27.96 per litre in Delhi, while that of diesel is at Rs 31.49 a litre (as of March 16, 2020).
"Even though petrol and diesel prices
have been freed from the administered price mechanism, high level of taxes and the invisible control that the Centre exercises on public sector oil companies prevent market forces from taking over auto fuel pricing, keeping customers away from the gains that could have accrued in this market where crude prices have settled at just around $25 a barrel now," said an oil sector analyst with one of the big four consultancy firms asking not to be named.
The government is yet to allow customers to benefit from lower fuel prices
by keeping its tax collections strong.