Home / News / India /  Petrol, diesel prices rise once again. Check rates in top cities

NEW DELHI : After three days of stagnancy, petrol and diesel prices are up again - petrol by 7-8 paise per litre and diesel by 9-10 paise a litre. Fuel prices have not fallen in almost a fortnight due to pressure on global crude oil rates following drone attack on Saudi facilities.

Petrol is selling at 74.42 a litre, while diesel price rose to 67.33 a litre in Delhi today. Petrol prices rose to 77.10 a litre in Kolkata, 80.08 a litre in Mumbai and 77.36 a litre in Chennai. Diesel prices rose to 69.75 a litre in Kolkata, 70.64 a litre in Mumbai and 71.19 a litre in Chennai.

Petrol price has gone up by 2.25 a litre while that of diesel by 1.75 a litre since September 17 after the drone attacks on Saudi oil facilities on September 13.

In the meantime, Saudi Arabia has warned that oil prices could increase to "unimaginably high numbers" if the world does not act to deter Iran. "If the world does not take a strong and firm action to deter Iran, we will see further escalations that will threaten world interests. Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven't seen in our lifetimes," Crown Prince Mohammad bin Salman said.

In the international market, Brent crude futures fell 20 cents to $61.71 a barrel by 0632 GMT while U.S. West Texas Intermediate (WTI) crude futures edged down 3 cents to $55.88 a barrel.

Revised on a daily basis in India, petrol and diesel rates are directly dependent on crude oil prices. State-run fuel retailers take into account a 15-day moving average of benchmark petrol and diesel rates before announcing the retail price at 6 am. Another factor is the exchange rate of US dollar and rupee.

Failing to hold on to gains after rising to two-month high of 70.35 against the US dollar, the Indian rupee fell against the US dollar today. In noon trade, rupee was down at 70.70 a dollar, as compared to its Friday's close of 70.56. In the year to date, the rupee has weakened 1.2% against the dollar.

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