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Petrol Prices Rise For 5th Consecutive Day

By Aiko Tanaka
1 min read
www.channelnewsasia.competrol 28549bec0d6e12f06be61ad223e82c72b4ee34b4
www.channelnewsasia.competrol 28549bec0d6e12f06be61ad223e82c72b4ee34b4
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Petrol prices have surged in Delhi, Mumbai, Kolkata and Chennai, seeing a hike of 16 paise/litre. The upward trend in petrol rates continued on the fifth consecutive day on Monday, while the diesel prices remained constant for the sixth day in continuation.

The prices have been affected by the rise in the crude oil rates in the international market. Though on Monday, the petrol rates in the international market remained unchanged, the Brent crude oil rates were the highest in the past two months.

Accordingly, the petrol prices have been showing a surge with Delhi, Mumbai, Kolkata and Chennai seeing a hike of 16 paise/litre. As per the Indian oil website, the petrol rates in Delhi, Kolkata, Mumbai and Chennai were Rs 74.05/litre, Rs 76.74/litre, Rs 79.71/litre and Rs 76.97/litre respectively.

The diesel rates, which have remained unchanged for six consecutive days are — Rs 65.79/litre, Rs 68.20/litre, 69.01/litre and 69.54/litre respectively. Brent crude futures were down by 0.05 percent, at $63.31 a barrel, which is the highest in the past two months.

West Texas Intermediate (WTI) crude was at $57.84 a barrel, 0.02 percent higher than the previous session.

Questions & Answers

Q.

Which cities have experienced the recent rise in petrol prices?

A.

Petrol prices have surged in Delhi, Mumbai, Kolkata, and Chennai. These four cities have all seen a hike of 16 paise/litre for petrol over the past five consecutive days, while diesel prices have remained constant.

Q.

What is the current petrol price per litre in Mumbai?

A.

As per the Indian oil website, the current petrol rate in Mumbai is Rs 79.71 per litre. This figure reflects the increase seen over the past five days, contrasting with stable diesel prices.

Q.

What is influencing the increase in petrol prices?

A.

The rise in petrol prices has been primarily affected by increased crude oil rates in the international market. Brent crude oil rates were at their highest in the past two months, despite remaining unchanged on Monday itself.

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