NEW DELHI :
For the second consecutive day today, petrol and diesel prices were cut today by 14 paise and 15 paise a litre each, respectively. Since Monday, petrol price is down by 49 paise and diesel price by 34 paise.
In New Delhi, a litre of petrol today costs ₹75.41 and diesel ₹68.77. In Mumbai, a litre of petrol comes at a price of ₹81 a litre and diesel ₹72.11 a litre. If you are in Bengaluru, you will have to pay ₹77.93 for petrol and ₹71.06 for diesel. In Chennai, petrol costs ₹78.34 and diesel ₹72.67. Those in Hyderabad will have to pay ₹80.18 for petrol and ₹74.98 for diesel. In Gurgaon, you pay ₹74.77 for petrol and ₹67.64 for diesel.
Although fuel rates have been falling since last Sunday, petrol and diesel prices are still higher than what they were at the beginning of the month. Due to a difference in international benchmark rates of the two fuels, the pace of decrease in diesel price has been slower this month. The price gap between petrol and diesel, as a result, has narrowed down to ₹6.64 now in Delhi from ₹9.31 in the beginning of December.
Crude oil prices went up by about 1% yesterday amid hopes that a revamp of the US-Mexico-Canada Free Trade Agreement, which came a day after the signing of the Phase 1 trade deal between the United States and China, will fuel energy demand this year.
Crude rates are still, however, on track for its second consecutive weekly decline. Brent was 3 cents higher at $64.65 by 0123 GMT, after gaining nearly 1% on Thursday. U.S. crude was up 6 cents at $58.58 a barrel, having risen more than 1% the previous session.