Chennai: The fuel prices in southern cities of Chennai and Hyderabad have remained the same while Bengaluru sees a slight dip in both petrol and diesel prices. In Chennai, Petrol remains the same as yesterday at Rs 96.94 per litre and in Hyderabad, it stands the same as yesterday at Rs 99.31 per litre while in Bengaluru there has been a slight drop of Rs 0.09 to cost 98.75 per litre. The fuel prices of the country have been volatile for quite some time now.
In Chennai and Hyderabad, diesel prices also remained stable as yesterday at Rs 91.15 and Rs 94.26 per litre respectively. Again Bengaluru sees a slight dip in the price of diesel of Rs 0.08 per litre to stand at Rs 91.67 per litre. Bengaluru and Hyderabad are just a rupee or two short of the Rs 100 mark.
Based on the crude oil prices in the international market, the Government of India permits the oil companies to fix petrol and diesel prices. Accordingly, it changes on a daily basis which is called Dynamic Fuel Price
Just ahead of the Tamil Nadu elections, CM MK Stalin promised during the campaign that petrol and diesel prices would be reduced once the DMK wins the elections and forms a government in Tamil Nadu. The dip in fuel prices was also in the DMK election manifesto
MNM leader Kamal Haasan and MP Anbumani Ramadoss, among others, demanded a reduction in petrol and diesel prices. It may be noted that petrol and diesel prices have been skyrocketing for a few days now.