NEW DELHI : With crude oil rates falling for the past two days, petrol and diesel prices were left untouched today. In the last ten days, the price of petrol has fallen by more than a rupee per litre but that of diesel has by 7 paise a litre.
In Delhi, a litre of petrol costs ₹74.20 a litre and diesel ₹65.84. In Mumbai, petrol costs ₹79.86 and diesel ₹69.06. If you are in Bengaluru, petrol costs ₹76.74 and diesel ₹ 68.08. In Noida, petrol costs ₹ 75.66 and diesel ₹ 66.15. In Gurgaon, a litre of petrol comes for ₹ 73.87 and diesel ₹ 65.18.
Fuel prices, which began rising from November 8, had been on the declining trend for more than a month.
In the international market, West Texas Intermediate (WTI) crude futures rose 11 cents, or 0.2%, to $55.32 a barrel by 0252 GMT, after falling 4.3% during the previous two sessions.
Brent crude futures were at $60.93 a barrel, up 2 cents, or 0.03%. Brent dropped 3.8% during the prior two sessions.
Till last week, crude oil rates were on a two-month high. Brent has rallied about 15% this year, supported by a pact by the Organization of the Petroleum Exporting Countries and its allies, including Russia – a group known as OPEC+ – to cut combined oil output by 1.2 million barrels per day from January 1.
From its April peaks, oil has dropped almost 17% from as the trade war sapped demand and global supplies surged. Russia is unlikely to agree to deepen production cuts further, but could extend existing curbs to support Saudi Arabia, Reuters reported, while U.S. Vice President Mike Pence said it would be difficult to sign a trade agreement with China if demonstrations in Hong Kong are met with violence.