Petrol becomes costlier, diesel cheaper on Monday. Check latest rates here
Petrol becomes costlier, diesel cheaper on Monday. Check latest rates here
Petrol Diesel Price Rate Today: In Mumbai, petrol is sold at Rs 78.57 per litre as compared with Rs 78.52 a litre on Sunday while diesel now costs Rs 69.49 a litre, a 7 paise decrease from yesterday’s price
New Delhi: After the daily revision in retail fuel prices, petrol prices went up after a gap of two days across four metro cities in the country on Monday (April 22) while diesel became cheaper. Petrol prices in all the metro cities increased by 5-6 paise a litre while diesel prices fell by 7 paise.
The retail prices of petrol in Delhi were raised by 5 paise to Rs 73 a litre as against Rs 72.95 on Sunday. Diesel prices in the national capital cut by 7 paise to Rs 66.39 as compared with Rs 66.46 a litre on Sunday. It is worth noting that state-run oil marketing companies kept the retail petrol and diesel prices unchanged on Sunday.
Citizens in Kolkata have to pay Rs 75.02 for a litre of petrol after a 5 paise hike hike over Sunday’s price. A litre of diesel costs Rs 68.13, 7 paise less than yesterday’s rate of Rs 68.20.
Retail petrol price in Mumbai was hiked by 5 paise to Rs 78.57, from Rs 78.52 recorded on Sunday. Diesel prices were slashed by 7 paise from yesterday’s rate price of Rs 69.56 a litre. In Chennai, petrol is retailing at Rs 75.77, 6 paise increase than Sunday’s rate of Rs 75.71 while diesel price dropped to Rs 70.10, 7 paise less than yesterday's price of Rs 70.17 a litre, according to data from Indian Oil Corporation website.
Worth mentioning here is that as per the daily dynamic pricing regime, the retail fuel prices depend on global crude prices on a 15-day average, and the rupee-US dollar exchange rate as the country relies more than 80 per cent on imports to meet its oil needs. In October 2018, petrol prices had climbed to a record high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai. Diesel prices went up to Rs 75.45 a litre in Delhi and Rs 80.10 in Mumbai.
In the international oil market, crude prices went up on Monday, amid a fall in US drilling activity and ongoing supply cuts by OPEC and by US curbs against Iran and Venezuela. International Brent crude oil futures were trading at USD 72.58 per barrel, up 0.8 per cent, from their last close.
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