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
article-image
Representative image |

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.

RECENT STORIES

Bhayandar News: East Indian Community Charts Roadmap To Preserve Culture, Language And Heritage At...

Bhayandar News: East Indian Community Charts Roadmap To Preserve Culture, Language And Heritage At...

Mumbai: Eastern Freeway In Darkness For Months; BMC Engineer Vidyadhar Mhatre Says, 'No Permission...

Mumbai: Eastern Freeway In Darkness For Months; BMC Engineer Vidyadhar Mhatre Says, 'No Permission...

'A Mathadi Worker’s Son Becomes State President': Shashikant Shinde Succeeds Jayant Patil As NCP...

'A Mathadi Worker’s Son Becomes State President': Shashikant Shinde Succeeds Jayant Patil As NCP...

Maharashtra Rains: Raigad Flood Situation Under Control As Rivers Recede; One Fatality Reported

Maharashtra Rains: Raigad Flood Situation Under Control As Rivers Recede; One Fatality Reported

Mumbai News: BMC To Appoint Consultant For Converting 600 Metric Tonnes Of STP Sludge Into...

Mumbai News: BMC To Appoint Consultant For Converting 600 Metric Tonnes Of STP Sludge Into...