Petrol, Diesel Prices Raised for the Fifth Straight Day

By Olga Robert
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    As per the data on the Indian Oil Corporation (IOC) app, petrol and diesel prices were raised once again for the fifth consecutive day on Monday.

    Petrol, Diesel Prices Raised for the Fifth Straight Day

    Petrol price per litre was raised by an average of 23 paise in metro cities to Rs 76.36 in Delhi, Rs 83.75 in Mumbai, Rs 79.25 in Chennai and Rs 82.56 in Kolkata. On the other hand, diesel per litre on Monday was priced at Rs 68.07 in Delhi, Rs 73.23 in Mumbai, Rs 71.85 in Chennai and Rs 70.62 in Kolkata.

    Fuel prices are revised every day in India based on movements in international crude oil prices. Global benchmark Brent was up by 37 cents or 0.5 percent on Monday morning to $77.48 a barrel.

    At the end of June, the OPEC (organization of petroleum exporting countries) had agreed to increase their production to an extent to dampen the rise in oil prices faced in the month of May due to outages in production from other oil-rich countries.

    Meanwhile, as per official data released on Thursday, the US crude inventories have shown a drop in inventories to the lowest in three and a half years at Cushing (delivery point for US crude futures).

    Read more about: petrol diesel
    Story first published: Monday, July 9, 2018, 13:00 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more