City
Epaper

With global crude firm, petrol & diesel prices may rise

By IANS | Updated: November 16, 2020 12:10 IST

New Delhi, Nov 16 Oil marketing companies did not effect any revision in retail price of petrol and ...

Open in App

New Delhi, Nov 16 Oil marketing companies did not effect any revision in retail price of petrol and diesel across the the country on Monday giving respite to consumers during festival season as rising global crude prices in last week had started talk of a possible price rise of auto fuel.

So, petrol prices in the national in capital continues to remain at Rs 81.06 per litre. In Mumbai, Chennai and Kolkata, the fuel was sold for Rs 87.74, Rs 84.14 and Rs 82.59 per litre, respectively.

Diesel prices in Delhi, Mumbai, Chennai and Kolkata were at Rs 70.46, Rs 76.86, Rs 75.95 and Rs 73.99, respectively.

With no revision on Monday, petrol prices have now remained at the same level for 55 days now while diesel prices have been at the same level for 45 days.

The global oil price have started showing signs of forming up ever since news of a successful vaccine against coronavirus came last week. Benchmark crude Brent rose over $45 a barrel last week, settling a tad lower at $43.5 a barrel on Monday.

Though oil companies revise petrol and diesel prices based on global movement of product prices, crude has a bearing on overall price sensitiveness petroleum products across the chain.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalIndian envoy meets Yemen leaders, discusses bilateral ties

International"We want to know the truth, we want transparency": US lawyer on AI 171 crash

InternationalPutting the puzzle together: Attorney Mike Andrews on AI171 crash

Entertainment"Ye unka badappan hai vo mere paas aaye": Annu Kapoor on meeting former Army chief Gen Bikram Singh

InternationalTurkey hit by 6.1 magnitude earthquake, multiple aftershocks recorded

Business Realted Stories

BusinessThiruvananthapuram–Delhi Air India flight makes emergency landing at Chennai; five MPs onboard

BusinessMadhya Pradesh records highest-ever exports, climbs to 11th national rank

BusinessNAMASTE Abhiyan: 5,200 ticketless travellers detected, Rs 13.5 lakh penalty collected

BusinessGovt, ruling party in S. Korea agree to deliberate on controversial capital gains tax

BusinessIndia’s energy sector is rising through global uncertainty: Hardeep Puri