Petrol price touch new year high. Check latest petrol, diesel rates1 min read . Updated: 09 Dec 2019, 09:15 AM IST
- Petrol price has touched the ₹75 mark in New Delhi
- In Bengaluru, you pay ₹77.57 for petrol and ₹68.29 for diesel
NEW DELHI : Petrol price has once again started to inch upwards and is now at a year high level. The price of petrol has so far gone up by 9 paise a litre while that of diesel has risen sharply by 26 paise a litre.
In New Delhi, a litre of petrol costs ₹75 a litre and diesel ₹66.04. In Mumbai, petrol is priced at ₹80.65 and diesel ₹69.27. In Bengaluru, you pay ₹77.57 for petrol and ₹68.29 for diesel. Those in Hyderabad will have to pay ₹79.81 for petrol and ₹72.07 for diesel.
If you are in Noida, you are charged ₹76.29 for petrol and ₹66.35 for diesel. In Gurgaon, you are charged ₹74.49 for petrol and ₹65.35 for diesel.
Petrol, diesel rates are expected to increase further following a spike in crude oil rates after Saudi Arabia announced its decision to significantly cut crude oil production. Crude oil rates were now trading near the highest level in almost 3 months.
Oil rates, however, dropped today after customs data showed exports from China in November fell 1.1% from a year earlier - a sharp reversal from expectations for a 1% rise in a Reuters poll.
Brent futures were down 21 cents, or 0.3%, at $64.18 per barrel by 0220 GMT, after gaining about 3% last week on the news that OPEC and its allies would deepen output cuts.
West Texas Intermediate oil futures were down 28 cents, or 0.47% to $58.92 a barrel, having risen about 7% last week on the prospects for lower production from 'OPEC+', which is made up of the Organization of the Petroleum Exporting Countries (OPEC) and associated producers including Russia.