Home >News >India >Petrol, diesel prices rise after a month. 5 things to know

NEW DELHI : With crude oil rates rising over $62 a barrel, the price of petrol and diesel also rose today after more than a month's gap. Petrol price increased by 10 paise a litre and diesel price by 9 paise a litre today.

5 things to know about petrol, diesel prices:

1) In New Delhi, a litre of petrol costs 72.70, diesel 65.84. In Mumbai, a litre of petrol costs 78.38 and diesel 69.06. If you are in Bengaluru, then you will have to pay 75.18 for petrol and 68.08 for diesel. In Noida, a litre of petrol is priced at 74.48 and diesel 66.15. In Gurgaon, petrol is selling at 72.69 and diesel 65.18.

2) Fuel prices have been declining since October. Cumulatively, petrol price has fallen by about 2 since October 1.

3) Petrol, diesel prices are changed everyday by fuel retailers at 6 am after taking into account several factors like international benchmark rates for fuel and US-dollar exchange rate.

4) Oil had jumped above $62 a barrel yesterday after China hinted at progress towards a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and demand for fuel.

5) Brent has rallied almost 16% in 2019, supported by a deal between the Organization of the Petroleum Exporting Countries and allies such as Russia to limit supplies until March next year. Oil is still down about 14% since an April peak as the trade spat sapped crude consumption and global supplies expanded.

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