Petrol price rose by ₹3, diesel by ₹4.3 so far this year. Check today's rates1 min read . Updated: 28 Feb 2019, 02:22 PM IST
- Crude oil prices have risen more than 20% so far this year
- In Delhi, petrol costs ₹71.73 a litre and diesel ₹67
NEW DELHI : On the back of surging crude oil rates, the prices of petrol and diesel have jumped by ₹3.08 per litre and ₹4.35 per litre, respectively, so far this year.
State-run fuel retailers today increased the price of petrol by 7 paise and that of diesel by 8 paise. According to today's price chart, a litre of petrol costs ₹71.73 in Delhi, ₹77.36 in Mumbai, ₹74.11 in Bengaluru, ₹74.48 in Chennai, ₹72.08 in Gurgaon, ₹71.35 in Noida and ₹73.82 in Kolkata.
Diesel, on the other hand, costs ₹67 a litre in Delhi, ₹70.18 in Mumbai, ₹69.22 in Bengaluru, ₹70.80 in Chennai, ₹66.33 in Gurgaon, ₹66.03 in Noida and ₹68.79 in Kolkata.
Crude oil prices have risen more than 20% so far this year after OPEC and non-member producer allies agreed to cut output for six months starting in January to avoid the build-up of a global surplus particularly as US crude production booms, Reuters reported.
If the last 3 months are taken into account, Brent crude oil rate has spiked by 11%.
International Brent crude futures were trading above $66 per barrel while US West Texas Intermediate (WTI) crude oil futures were close to $57 per barrel.
US crude output has set record highs for two straight weeks, hitting 12.1 million barrel per day last week, according to US government data.