Petrol and diesel prices across major cities on Friday remained unchanged for thirteenth consecutive day amid coronavirus outbreak and price war between Russia and OPEC countries.
According to the official website of Indian Oil Corporation, on Thursday, petrol now costs Rs 69.59 per litre in Delhi, Rs 75.30 per litre in Mumbai. Similarly, diesel costs Rs 62.29 a litre in Delhi, Rs 65.21 a litre in Mumbai. In Chennai, a litre of petrol will cost Rs 72.28 per litre whereas diesel is now priced at Rs 65.71 per litre, while in Kolkata, petrol and diesel will cost Rs 64.62 and Rs 72.29, respectively. The retail prices of the 2 fuels are revised daily. The petrol and diesel rates are revised on the basis of crude prices within the international market.
Crude oil prices on Friday rose Rs 17 to Rs 1,804 per barrel as participants widened their positions in line with a positive trend overseas. On the Multi Commodity Exchange, crude oil for delivery in April traded higher by Rs 17, or 0.95 per cent, to Rs 1,804 per barrel in 37,183 lots.
Crude oil for May delivery was up by Rs 22, or 1.1 per cent, to Rs 2,023 per barrel with an open interest of 437 lots. Globally, West Texas Intermediate was trading higher by 2.04 per cent at USD 23.06 per barrel and, Brent crude was up by 0.80 per cent to USD 26.55 per barrel in New York.
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