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.