Fuel rates across India saw a scattered pattern of deduction by oil marketing companies on Monday. While prices of both petrol and diesel weren't increased, the rate of deduction varied among cities.
Petrol price in New Delhi remained unchanged at Rs 72.86 a litre, while diesel rate was marginally reduced by 5 paise to Rs 66.09/litre.
Petrol price in Mumbai was reduced by 5 paise to Rs 78.43 a litre. Diesel price per litre was deducted by 10 paise to Rs 69.17.
In Chennai, petrol and diesel prices on Monday were reduced by 4 paise and 10 paise respectively to Rs 75.63 and Rs 69.78 per litre.
Petrol price in Kolkata was reduced by 5 paise to Rs 74.88/litre and diesel was priced 9 paise lower to Rs 67.83 a litre.
International oil prices rose on Monday on the back of prevailing supply cuts by members of the Organization of the Petroleum Exporting Countries (OPEC) and other major producers. Progress in the trade talks between the US and China also aided the surge as concerns of a global economic slowdown relaxed.
On Friday, the crude benchmarks had posted their biggest gains in nearly a decade. On Monday, Brent crude was up by 1 percent to $68.22 a barrel and US West Texas Intermediate (WTI) rose by 0.7 percent to $60.57/barrel, extending their gains.