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    Diesel Prices Cut As Petrol Rates Remain Stable Across Cities

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    Fuel prices in India did not rise on Friday despite a spike in global oil rates. Petrol price across cities remained unchanged while diesel rates were by 9-10 paise per litre.

    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 rose by 30 cents or 0.4 percent to $68.12 a barrel from its last close, while US West Texas Intermediate (WTI) futures added 0.4 percent or 26 cents to $59.56 per barrel.

     

    The Indian rupee opened higher by 15 paise at 69.18/dollar despite a gain in the dollar index.

    It is the best performing quarter for both futures contracts, since the second quarter of 2009 when both gained about 40 percent. The ongoing supply cuts from OPEC and US sanctions on Iran and Venezuela has evened out the concerns of a global economic slowdown, balancing the oil prices.

    New Delhi and Mumbai

    New Delhi and Mumbai

    Diesel prices per litre in New Delhi and Mumbai were lowered to Rs 66.30 and Rs 69.44 respectively. Petrol per litre on Friday is being sold at Rs 72.81 in New Delhi and Rs 78.43 in Mumbai.

    Chennai and Bengaluru

    Chennai and Bengaluru

    Diesel prices per litre in the South Indian cities of Chennai and Bengaluru were reduced to Rs 70.05 and Rs 68.50 respectively. Petrol per litre on Friday is being sold at Rs 75.62 in Chennai and Rs 75.23 in Bengaluru.

    Kolkata and Hyderabad
     

    Kolkata and Hyderabad

    Diesel prices per litre in Kolkata and Hyderabad were lowered to Rs 68.08 and Rs 72.09 respectively. Petrol per litre on Friday is being sold at Rs 74.89 in Kolkata and Rs 77.26 in Hyderabad.

    Read more about: petrol diesel
    Story first published: Friday, March 29, 2019, 14:42 [IST]
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