Petrol, diesel price hiked again today
With crude oil rates heading for a fourth weekly gain, the price of petrol and diesel went up 5 paise a litre and 4 paise a litre, respectively. So far this month, the price of petrol has gone up by around ?2 a litre. Petrol price is already at its highest range this year.
In New Delhi, a litre of petrol is priced at ?74.81 and diesel ?65.78. If you are in Mumbai, you will have to pay ?80.46 for petrol and ?69 for diesel. In Bengaluru, petrol is priced at ?77.37 and diesel ?68.02. In Noida, you pay ?76.14 for petrol and ?66.09 for diesel. In Gurgaon, petrol is priced at ?74.34 and diesel ?65.13.
After ending at $63.92 a barrel, down 0.2%, Brent crude is heading for a fourth weekly gain, the longest winning streak since April, before a key OPEC+ meeting next week that will set the path for future production cuts. Ministers from the Organization of Petroleum Exporting Countries and its partners will meet in Vienna from Dec. 5 to 6 to decide on cutting outputs.
Investors are concerned that a preliminary agreement between the United States and China may be further delayed to put an end to their trade war that has slowed global economic growth, and consequently consumption of oil.
(Agencies inputs 30-11-19)