Petrol, diesel prices had last fallen on September 8, more than three weeks ago
Amid volatility in crude oil rates, state-run fuel retailers left petrol, diesel prices unchanged today
NEW DELHI :
Although left unchanged today, the price of petrol and diesel have not fallen in over three weeks. Amid volatility in crude oil rates recently, state-run fuel retailers left petrol, diesel prices unchanged today.
In Delhi, a litre of petrol costs ₹74.61, Bengaluru ₹77.10, Mumbai ₹80.21, Chennai ₹77.50, Hyderabad ₹79.25, Kolkata ₹77.23 and Gurgaon ₹74.41. A litre of diesel, on the other hand, costs ₹67.49 in Delhi, Bengaluru ₹69.74, Mumbai ₹70.76, Chennai ₹71.30, Kolkata ₹69.85, Hyderabad ₹73.51 and Gurgaon ₹66.55.
Fuel prices had last fallen on September 8, more than three weeks ago. The recent spike in petrol, diesel rates began from September 17, days after drone attacks affected Saudi Arabia's oil supply.
In the international market, crude oil rates have rebounded from several days of declining values after industry data showed a surprise drop in U.S. crude inventories, offsetting weak economic readings in the United States that have depressed global stock markets.
Brent crude rose 52 cents to $59.41 a barrel by 0138 GMT, claiming back some of the ground lost over the past three sessions. U.S. West Texas Intermediate crude was at $54.23 a barrel, up 61 cents.
Front-month WTI prices as buyers emerge ahead of the $60.00 and $54.00 levels settled down for the sixth straight session on Tuesday, their longest losing streak this year, after U.S. manufacturing activity dived to a 10-year low as U.S.-China trade tensions weighed on exports.