Petrol, diesel prices remain unchanged for over a month despite fall in crude oil rates

On Saturday, the petrol and diesel prices continued to remain unchanged for 47th day despite fall in crude oil prices in international market.

According to the official website of Indian Oil Corporation, on Friday, petrol now costs Rs 69.59 per litre in Delhi, Rs 76.31 per litre in Mumbai. Similarly, diesel costs Rs 62.29 a litre in Delhi, Rs 66.21 a litre in Mumbai. In Kolkata, a litre of petrol will cost Rs 73.30 per litre whereas diesel is now priced at Rs 65.62 per litre. In Chennai, a litre of petrol will cost Rs 72.28 per litre whereas diesel is now priced at Rs 65.71 per litre.

Crude oil prices on Thursday rose Rs 134 to Rs 1,317 per barrel as participants widened their positions in line with a positive trend overseas. On the Multi Commodity Exchange, crude oil for delivery in May traded higher by Rs 134, or 11.33 per cent, to Rs 1,317 per barrel in 12,259 lots.

Crude oil for June delivery was up by Rs 97, or 6.37 per cent, to Rs 1,620 per barrel with an open interest of 1,452 lots. Globally, West Texas Intermediate was trading higher by 13.48 per cent at USD 17.09 per barrel and Brent Crude was up 7.63 per cent to USD 24.26 per barrel in New York.

(To view our epaper please click here. For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal

www.freepressjournal.in