Petrol prices have increased for the fifth consecutive day on Tuesday, but consumers are relieved due to the reduction in the price of diesel for the second consecutive day. Petrol prices in Delhi have increased to Rs 73.30 per liter.
After the last session’s softening in the price of crude oil in the International market, there is a fast trend again. Oil companies increased the price of petrol by 10 paise in Delhi, Mumbai and Chennai on Tuesday, while in Kolkata, by 9 paise per liter. The price of diesel has been reduced by six paise per liter in these four metros.
According to the news agency IANS, the price of petrol has increased by 70 paise per liter in the national capital of Delhi in five days. However, the price of diesel is being cut for two days, due to which diesel in Delhi has become 12 paise per liter cheaper in these two days.
According to the website of Indian Oil, petrol prices in Delhi, Kolkata, Mumbai and Chennai have increased to Rs 73.30, Rs 76.00, Rs 78.97 and Rs 76.18 per liter respectively. However, diesel prices in four metros have come down to Rs 65.79, Rs 68.20, Rs 69.01 and Rs 69.54 per liter respectively.
How about crude oil
Brent crude’s January delivery contract on the international futures market Intercontinental Exchange was trading 0.31 percent higher at $ 62.37 a barrel on Tuesday. At the same time, the December contract of the American light crude West Texas Intermediate on the New York Mercantile Exchange was up 0.28 percent at $ 57.02 a barrel.
After more than a month, the oil companies increased the prices of petrol and diesel for the first time on 8 November this month. After this, petrol prices have been increased for the fifth consecutive day.