Fuel prices were unchanged by state-owned oil marketing companies in India on Wednesday. While this is the second straight day of stability for diesel prices, petrol prices have remained unchanged since Monday.
Retail prices of these two highly consumed petroleum products are reset every morning based on the international oil prices and exchange rates of the rupee against the US dollar.
The global benchmark for oil, Brent crude oil futures, crept up by 17 cents or 0.3 percent to $68.14 a barrel from its last close, while US West Texas Intermediate (WTI) futures added 0.2 percent or 9 cents to $60.03 per barrel.
Oil prices extended their gains in the international markets after Venezuela's main oil export port of Jose and its four crude upgraders were unable to resume operations following a massive power blackout on Monday, the second incident in a month. The concerns of a global economic slowdown are however keeping the price rise in check.
New Delhi and Mumbai
Petrol prices per litre in New Delhi and Mumbai were unchanged at Rs 72.86 and Rs 78.48 respectively. Diesel per litre on Tuesday is being sold at Rs 66.49 in New Delhi and Rs 69.64 in Mumbai.
Chennai and Bengaluru
Petrol prices per litre in the South Indian cities of Chennai and Bengaluru were unchanged at Rs 75.67 and Rs 75.28 respectively. Diesel per litre on Tuesday is being sold at Rs 70.26 in Chennai and Rs 68.69 in Bengaluru.
Kolkata and Hyderabad
Petrol prices per litre in Kolkata and Hyderabad were unchanged at Rs 74.93 and Rs 77.32 respectively. Diesel per litre on Tuesday is being sold at Rs 68.28 in Kolkata and Rs 72.30 in Hyderabad.