Petrol prices below Rs 80 mark, diesel continues to pinch

NAGPUR: Fall in crude prices has brought in city below Rs80 a litre after a gap of eight months. On Wednesday, petrol in the city cost up to Rs79.72 a litre, varying slightly between outlets in different localities. This brings the rates back to the level seen in February this year. Diesel, however, continues to be costlier if rates between the two periods are compared.

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At Rs79.72 per litre, petrol rates on Tuesday are almost at the same level as February 28, when petrol cost Rs79.86. Diesel on the other hand, which cost Rs72.34 on Tuesday, was cheaper by Rs5.63 on February 28.

Trade sources say that even the gap between petrol and diesel rates has narrowed over a period of time. If compared on yearly basis, petrol on Tuesday was up by Rs2, as against rates on the same day last year. However, diesel is dearer by Rs10 on similar comparison.

A private analyst explained that this can be because of increase in