Petrol-Diesel Prices Rise Again, Crude Oil Prices Remain Soft

Oil marketing companies have again raised the prices of petrol and diesel after a break of two days. Petrol has become Rs 74.42 per liter in the country's capital Delhi and diesel has started selling at Rs 67.33 per liter.
Petrol-Diesel Prices Rise Again, Crude Oil Prices Remain Soft

The prices of petrol and diesel were again increased on Monday. Oil marketing companies have again raised the prices of petrol and diesel after a break of two days. Petrol has become Rs 74.42 per liter in the country's capital Delhi and diesel has started selling at Rs 67.33 per liter. After the attack on Saudi Aramco, there has been a softening of crude oil in the international market due to improvement in the supply of oil. Brent crude is around $ 61 a barrel.

Petrol became costlier by 8 paise per liter in Delhi, Kolkata, Mumbai and Chennai on Monday. At the same time, the price of diesel was increased by 9 paise in Delhi, Kolkata and Mumbai, while in Chennai, 10 paise per liter was recorded. According to the website of Indian Oil, the prices of petrol in Delhi, Kolkata, Mumbai and Chennai have increased to Rs 74.42, Rs 77.10, Rs 80.08 and Rs 77.36 per liter respectively.

Diesel prices in the four metros have also increased to Rs 67.33, Rs 69.75, Rs 70.64 and Rs 71.19 per liter respectively. In this month, the price of petrol has increased by more than two rupees per liter and the price of diesel has also increased by about two rupees per liter.

Petrol in Delhi, Kolkata, Mumbai and Chennai was Rs 72.01, Rs 74.71, Rs 77.67 and Rs 74.80 per liter respectively on August 31. Diesel in the four metros was Rs 65.25, Rs 67.63, Rs 68.41 and Rs 68.94 per liter respectively.

Ups-Downs in Crude Oil

In the same month, on September 14, after the drone attack on Saudi Arabian government oil company Saudi Aramco's oil plants, the price of crude oil in the international market on September 16 suddenly went up by 20 percent to $ 71.95 per barrel. This was the biggest one day boom that came after 28 years. Since then, according to the improvement in the situation, its prices are showing softening or strengthening.

According to news agency IANS, the international futures market was trading at $ 60.95 a barrel, down 0.15 percent in Brent crude's December contract on the Intercontinental Exchange, ie ICE. At the same time, American light crude was trading at $ 55.84 per barrel in November delivery contract of West Texas Intermediate with a decrease of 0.13 percent. In the last fortnight, the price of Brent crude has dropped by more than eight dollars per barrel.

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