Petrol and diesel prices hiked in Mumbai following attack on Saudi Arabia's oil facilities

Petrol and diesel prices hiked in Mumbai following attack on Saudi Arabia's oil facilities

FPJ Web TeamUpdated: Tuesday, September 17, 2019, 02:04 PM IST
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Prices of petrol and diesel have started rising. This comes after a massive drone attack on Saudi Arabia's oil facilities. The price of patrol has been hiked 18 paise and diesel price is hiked by 33 paise.

According to a price notification issued by Hindustan Petroleum (HP), the price of patrol has reached to Rs. 77.83 a litre and Rs. 68.76 a litre for diesel in Mumbai. Moreover, other cities across India are also facing the surcharges of petrol and diesel prices. Such as, in Delhi it is Rs. 72.21 a litre for patrol and Rs.65.61 for diesel. In Hyderabad the petrol price has increased to Rs. 76.69 a litre and Rs. 71.46 for one litre diesel.

The prices of petrol and diesel will keep increasing if the price of crude stays at current levels, HPCL chairman M K Surana told to Mint. "We do not rule out a possibility of moderation in marketing margins on auto fuels—a $10/bbl rise in global crude and product prices may require OMCs to increase retail price of diesel and gasoline by Rs.5-6/liter in the following fortnight," Kotak Institutional Equities said in a report.

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