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Petrol Hits 55-Month High, Diesel Costliest Ever

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Petrol and diesel rates have hit new highs amid an increase in global crude oil prices. Petrol was up by 1 paisa today, while diesel got costlier by 4 paise.

Petrol Hits 55-Month High, Diesel Costliest Ever
 

The retail price of petrol per litre in the capital city of Delhi is now Rs 74.08; the highest since September 2013, as per Indian Oil's official website. The retail rates per litre of petrol in the cities of Kolkata, Mumbai, and Chennai is at Rs 76.78, Rs 81.93 and Rs 76.85 respectively.

The diesel price per litre in Delhi is at a record high of Rs 65.31, while the rates in the cities of Kolkata, Mumbai, and Chennai is at Rs 68.01, Rs 69.54 and Rs 68.9 respectively.

Oil prices internationally are the highest since late 2014 due to decline in global supply. Brent crude futures were trading at a steady rate of $73.78 a barrel. The possibility of the USA reimposing sanctions on Iran, the OPEC's third-largest producer could reduce the supply further.

Petrol prices have gone up by Rs 4 per litre since the beginning of the year, while diesel rates increased by Rs 5-6 per litre.

Following is a table showing the difference in the prices (in Rupees) per litre of non-branded petrol and diesel between yesterday and today.

Petrol

City 20/4/2018 19/4/2018 Difference
Delhi 74.08 74.07 0.01
Kolkata 76.78 76.77 0.01
Mumbai 81.93 81.92 0.01
Chennai 76.85 76.84 0.01

Diesel

City 20/4/2018 19/4/2018 Difference
Delhi 65.31 65.27 0.04
Kolkata 68.01 67.97 0.04
Mumbai 69.54 69.5 0.04
Chennai 68.9 68.86 0.04

These rates are revised every day by State-owned companies.

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