Petrol, diesel prices rise marginally as crude hits year’s high
NEW DELHI: Even as crude oil rates continue to rally above $65 per barrel, the prices of petrol and diesel were today increased only marginally by 7 paise and 6 paise, respectively. The prices were similarly increased yesterday by 6 paise for petrol and 5 paise for diesel.
A litre of petrol today costs ?70.46 in Delhi, ?76.10 in Mumbai, ?72.78 in Bengaluru, ?73.14 in Chennai, ?71.31 in Gurgaon, ?70.35 in Noida and ?72.57 in Kolkata. Diesel, on the other hand, costs ?65.73 a litre in Delhi, ?68.83 in Mumbai, ?67.90 in Bengaluru, ?69.44 in Chennai, ?65.47 in Gurgaon, ?64.94 in Noida and ?67.51 in Kolkata.
Since the beginning of this month, the price of petrol has fallen by 48 paise and that of diesel by 2 paise.
Oil prices rallied on Friday, with Brent crude futures hitting fresh 2019 highs amid US sanctions against Venezuela and Iran, and supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). Brent pushed above $65 per barrel for the first time in 2019, Reuters reported.
The international benchmark for oil prices at a near three-month high and set for a 4.5% gain for the week.
In the last seven days, Brent has jumped by more than 5%. However, if the last three months are taken into account, the benchmark is still down by 3%.