On Saturday, diesel prices were hiked by 17-18 paise for third consecutive day, while petrol prices remained stable.
So today, a litre of diesel costs Rs 70.73 in Mumbai, and Rs 67.41 in Delhi, while a litre of petrol is priced at Rs 80.40 in Mumbai, and Rs 74.74 in Delhi. Retail prices of the two automobile fuels are revised daily. Petroleum companies revise petrol and diesel prices on the basis of crude prices in the international market. Hence the prices vary according to the company.
Crude oil prices rose Rs 5 to Rs 4,408 per barrel on Friday as speculators created fresh positions amid positive trend in the spot market. Analysts said fresh bets created by participants kept crude prices higher in futures trade.
On the Multi Commodity Exchange, crude for January delivery traded higher by Rs 5, or 0.11 per cent, at Rs 4,408 per barrel in 35,957 lots. Globally, West Texas Intermediate crude oil was trading 0.39 per cent higher at USD 61.92 per barrel. Meanwhile, Brent crude, the international benchmark, rose 0.37 per cent to USD 68.17 per barrel in New York.
(Inputs from Agencies)