Home >News >India >Diesel price hiked by 1 in 10 days, petrol price too jumps sharply. Today's rates
Petrol, diesel prices are reviewed everyday by fuel retailers.
Petrol, diesel prices are reviewed everyday by fuel retailers.

Diesel price hiked by 1 in 10 days, petrol price too jumps sharply. Today's rates

  • Petrol, diesel price has seen a sharp increase so far in 2020
  • The price gap between petrol and diesel has narrowed down recently

NEW DELHI : Amid volatility in crude oil prices due to geopolitical issues, the price of diesel went up by 1.09 a litre in the first 10 days of this month and that of petrol by 82 paise. State-run fuel retailers today increased the price of petrol by 15 paise a litre and that of diesel by 11 paise.

In New Delhi, a litre of petrol today costs 75.96 and diesel 69.05. In Mumbai, a litre of petrol comes at a price of 81.55 a litre and diesel 72.41 a litre. If you are in Bengaluru, you pay 78.50 for petrol and 71.35 for diesel. In Chennai, petrol costs 78.92 and diesel 72.97. Those in Hyderabad will have to pay 80.77 for petrol and 75.29 for diesel. In Gurgaon, you pay 75.20 for petrol and 67.88 for diesel.

Due to a difference in the benchmark rates of the two auto fuels, the price gap between petrol and diesel has narrowed down recently. Petrol was costlier by around 10-11 a litre as compared to diesel in the beginning of December but now the price gap is down to 7 a litre.

In the international market, on which petrol and diesel rates are dependent, crude oil prices are now back to where they were before the US-Iran tensions began.

Brent crude fell 20 cents, or 0.3%, at $65.17 by 0240 GMT, and is heading for its first decline in six weeks, down 5%. WTI was down 20 cents, or 0.3%, at $59.36 and also on track for a first weekly drop in six, nearly 6% from last Friday's close based on the latest prices.

Oil is now headed for its first weekly loss since November as the prospect of a US-Iranian war has receded.

(Inputs from agencies)

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