NEW DELHI : With oil prices rallying around 9% since early October, the prices of petrol and diesel are on the boil once again. Since Friday, petrol price has jumped by a sharp 50 paise a litre. During the day, state-run fuel retailers increased the price of petrol by 15 paise a litre and that of diesel by 6 paise a litre.

In New Delhi, a litre of petrol costs 73.20 and diesel 65.85. In Mumbai, a litre of petrol is priced at 78.87 and diesel 69.07. If you are Gurgaon, you are charged 73.08 for petrol and 65.19 for diesel. In Bengaluru, petrol is priced at 75.70 and diesel 68.09.

In November, fuel prices were in the declining mode but the trend reversed from Friday with a 10 paise hike in petrol price. Last month, fuel prices had fallen consistently.

Last week, Brent crude rose 1.3% while U.S. crude was up 1.9% as the US and China moved closer toward a limited trade agreement, while data last week showed some signs of improvement in the US and Chinese economies.

WTI for December delivery fell 40 cents, or 0.7%, to $56.84 a barrel on the New York Mercantile Exchange as of 10:57 a.m. in Singapore. It finished up 0.2% on Friday at $57.24, the highest close since Sept. 24.

Brent for January dropped 0.8% to $62.04 a barrel on the London-based ICE Futures Europe Exchange after climbing 1.3% last week. The global crude benchmark traded at a $5.17 premium to WTI for the same month.

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