Petrol Price Increased For The First Time In Nearly Two Months

Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Petrol prices were increased in cities across the country by 9 to 30 paise while diesel prices mostly remained unchanged. In New Delhi, petrol price was revised 9 paise higher to Rs 70.20 a litre and diesel price remained at Rs 67.66 per litre. In Mumbai, petrol was priced 11 paise higher at Rs 75.91/litre and diesel was unchanged at Rs 67.66 a litre.

    Petrol Price Increased For The First Time In Nearly Two Months
     

    Petrol price in Chennai was increased by 12 paise to Rs 72.94 a litre while diesel is being sold at Rs 68.26 per litre, same as Wednesday.

    In Kolkata, however, both petrol and diesel prices were reduced to Rs 72.38 per litre and Rs 66.40 a litre respectively.

    After the OPEC (Organization of Petroleum Exporting Countries) and its allies agreed to cut their output by 1.2 million barrels per day from January 2019, the international crude oil price benchmark Brent has been hovering at $60 a barrel level. A drop in the US oil stockpiles and easing trade tensions between the US and China are also supporting oil prices. As global prices begin to stabilise, ending their two-month decline (where Brent as much as 30 percent), fuel prices in India may begin to rise. If fuel prices start rising again, it will translate to a weaker rupee as India's trade deficit widens.

    Read more about: petrol diesel
    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

    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    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