NEW DELHI : Reflecting a rise in international benchmark rates, the price of petrol has gone up by 70 paise a litre in the last seven days while that of diesel is up just four paise. Even during the day, the state-run fuel retailers increased petrol price by 10 paise but decreased diesel price by 6 paise a litre.

In New Delhi, a litre of petrol costs 73.30 and diesel 65.79. In Mumbai, a litre of petrol is priced at 78.97 and diesel 69.01. If you are Gurgaon, you are charged 73.16 for petrol and 65.13 for diesel. In Bengaluru, petrol is priced at 75.81 and diesel 68.03.

Fuel prices, which were on a declining trend last month, reversed from November 8 with a hike in petrol and diesel prices. While petrol kept on increasing since then, the rate of diesel fluctuated.

In the international market, crude oil prices rose above $62 a barrel today, supported by hopes that US President Donald Trump may signal progress on trade talks with China and lower inventories at a US oil hub.

Brent crude, the global benchmark, was up 47 cents at $62.65 a barrel by 1115 GMT, after falling as low as $61.90. West Texas Intermediate (WTI) crude was up 36 cents at $57.22.

Brent has risen 16% in 2019, supported by a supply-limiting pact by the Organization of the Petroleum Exporting Countries and allies including Russia. The producers meet on Dec. 5-6 to decide whether to extend the deal.

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