Petrol and diesel prices remained steady after breaking the six-day hike on Wednesday, across the four metro cities — Mumbai, Chennai, New Delhi and Mumbai. Petrol prices have risen about 68 paise while diesel prices have increased by 55 paise over the past one week.
Petrol prices in Mumbai stood at Rs 76.64 a litre, while diesel rate was at Rs 69.30 per litre. According to the Indian Oil Corp data, petrol rates in New Delhi were at Rs 71 per litre and diesel prices stood at Rs 66.17. Petrol rates were Rs 73.11 in Kolkata and Rs 73.72 in Chennai, while diesel prices stood at Rs 67.95 and Rs 69.91 for a litre, respectively, in Kolkata and Chennai.
US West Texas Intermediate (WTI) crude oil futures were at $55.93 per barrel at 0042 GMT, down 16 cents from their last settlement, but not far off their 2019 high of $56.33 reached earlier this week.
International Brent crude futures had yet to trade. They also hit a 2019 high of $66.83 per barrel this week.
As per the country’s dynamic pricing mechanism, the domestic fuel prices depend upon international fuel prices on a 15-day average and the value of the rupee.
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