NEW DELHI :
Even as crude oil prices dropped by more than 1% last week, petrol prices were left untouched by state-run oil marketing companies for the last six days. Diesel prices were also left unchanged today. The move coincides with the assembly elections in Maharashtra and Haryana which are taking place today. In the past too, fuel rates have been mostly untouched during elections.
It is being expected that prices of both the fuels might be cut sharply tomorrow as prices are revised everyday at 6 am.
Petrol price was last changed on October 14 while diesel rate dropped by 7 paise yesterday. In New Delhi, a litre of petrol costs ₹73.27 and diesel ₹66.17. In Mumbai, a litre of petrol costs ₹78.88 and diesel ₹69.35. In Bengaluru, a litre of petrol costs ₹75.72 and diesel ₹68.37. In Gurgaon, a litre of petrol costs ₹73.09 and diesel ₹65.42. In Noida, a litre of petrol costs ₹74.89 and diesel ₹66.43.
Fuel rates are now closer to what they were about a month ago.
Crude oil rates:
Oil has declined 19% since an April peak as the deepening trade spat between Beijing and Washington and the weakening global outlook dents demand.
Global benchmark Brent crude oil futures fell by 14 cents, or 0.2%, to $59.28 a barrel by 0517 GMT. U.S. West Texas Intermediate crude oil futures declined 10 cents, or 0.2%, to $53.68 a barrel.
WTI for November delivery had capped a 1.7% weekly loss last Friday. During the day, crude prices held losses as investors weighed a pessimistic outlook for demand against signs of progress in the U.S.-China trade dispute.