Petrol price increases by 70 paise in a week, diesel by just 4 paise. Check today's rates
* In New Delhi, a litre of petrol costs ₹73.30 and diesel ₹65.79. In Mumbai, a litre of petrol is priced at ₹78.97 and diesel ₹69.01
* Fuel prices consistently fell last month but the trend reversed last week
NEW DELHI : Widening the gap between the price of the two automobile fuels, the price of petrol has increased by 70 paise a litre in a week while that of diesel is up by just 4 paise. Last Thursday, petrol was retailing at ₹72.60 a litre in Delhi while now the price has shot up by a sharp 70 paise to ₹73.30.
Diesel, which was being sold at ₹65.75 a litre in Delhi a week ago, is now retailing at ₹65.79, an increased of just 4 paise. State-run fuel retailers take into account the international benchmark price of petrol and diesel rather than crude oil rates, which explains the difference in retail prices.
In New Delhi, a litre of petrol costs ₹73.30 and diesel ₹65.79. In Mumbai, a litre of petrol is priced at ₹78.97 and diesel ₹69.01. If you are Gurgaon, you are charged ₹73.16 for petrol and ₹65.13 for diesel. In Bengaluru, petrol is priced at ₹75.81 and diesel ₹68.03.
Fuel prices were left unchanged today. Fuel prices consistently fell last month but the trend reversed last week.
In the international market, crude oil rates dipped amid worries over US-China trade deal and a dull economic outlook.
Brent crude futures edged down 16 cents, or 0.3%, to $61.90 a barrel by 0124 GMT, while U.S. West Texas Intermediate crude was at $56.65, down 15 cents or 0.3%, Reuters reported.
Morgan Stanley said the international crude benchmark may tumble by almost 30% to $45 a barrel if the so-called OPEC+ alliance doesn’t make steeper supply cuts. Citigroup Inc. and BNP Paribas SA predicted a slide to the low $50s.
In the meantime, the International Energy Agency (IEA) said global oil demand growth is expected to slow from 2025 as fuel efficiency improves and the use of electrified increases but is unlikely to peak in the next two decades. Oil use in passenger cars is, however, seen peaking in the late 2020s as drivers switch to electric vehicles.
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