Petrol price falls for seventh consecutive day, diesel rates remain unchanged

Petrol price falls for seventh consecutive day, diesel rates remain unchanged

FPJ Web DeskUpdated: Tuesday, December 17, 2019, 09:22 AM IST
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On Tuesday, petrol prices fell by Rs 6 paise per litre while diesel remained stagnant for the eight successive day across major cities of the country.

In Mumbai, you have to pay Rs 80.29 for a litre of petrol and Rs 69.27 for diesel. In New Delhi, a litre of petrol costs Rs 74.63 a litre and diesel is priced at Rs 66.04 a litre. Retail prices of the two automobile fuels are revised daily. Prices vary across the country due to differences in levies imposed by states.

Crude oil prices on Monday gained Rs 14 to Rs 4,255 per barrel as speculators created fresh positions amid positive trend in spot market. Analysts said fresh bets created by participants kept crude prices higher in futures trade.

On the Multi Commodity Exchange, crude for delivery in December traded higher by Rs 14, or 0.33 per cent, to Rs 4,255 per barrel in 28,028 lots. Globally, West Texas Intermediate crude oil was trading 0.02 per cent up at USD 60.08 per barrel. Meanwhile, Brent crude, the international benchmark, rose 0.14 per cent to USD 65.31 per barrel in New York.

(Inputs from Agencies)

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