Diesel price hiked by ₹1 in 10 days, petrol price too jumps sharply. Today's rates1 min read . Updated: 10 Jan 2020, 09:44 AM IST
- 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)