Petrol, diesel price gap widens by ₹1.5 this month. Check today's rates
So far in the month, the price of petrol has went up by ₹1.49 a litre while that of diesel has gone up by just 4 paise a litreIn Mumbai, petrol price has crossed the ₹80 mark while in Gurgaon it is touching ₹74
NEW DELHI : After leaving petrol prices untouched for three consecutive days, the price of petrol went up by 15 paise a litre today. Diesel price was, however, left unchanged once again.
So far in the month, the price of petrol has went up by ₹1.49 a litre while that of diesel has gone up by just 4 paise a litre. As a result, the price gap between the two fuels has now widened by ₹1.45 paise a litre. State-run fuel retailers, which announce retail prices everyday at 6 am, take cues from international benchmark rates of both petrol and diesel to fix prices. Any change in their prices in the international market gets subsequently reflected in India.
In New Delhi, a litre of petrol costs ₹74.35 and diesel ₹65.84. In Mumbai, a litre of petrol is priced at ₹80.01 and diesel ₹69.06. In Bengaluru, petrol comes at a cost of ₹76.98 and diesel ₹68.08. In Noida, petrol is priced at ₹75.78 and diesel ₹66.15. In Gurgaon, you pay ₹73.98 for petrol and ₹65.18 for diesel.
Yesterday, crude oil prices rose more than 2% to the highest in nearly two months following a Reuters report that OPEC and its allies are likely to extend output cuts until mid-2020 and fresh signs that China had invited U.S. trade negotiators for a new round of talks.
Oil is now heading for its longest run of weekly gains since mid-April on signs of a potential breakthrough to the prolonged US-China trade dispute.
All eyes are now on OPEC meeting on December 5 at its headquarters in Vienna, where the Organization of the Petroleum Exporting Countries and its allies are likely to extend output cuts to June.
Crude oil today pared its third weekly advance. Brent crude futures slid 30 cents, or 0.5%, to $63.67 a barrel. West Texas Intermediate crude was at $58.24 a barrel, down 34 cents or 0.6%.
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