Tuesday, March 19, 2019
News

Petrol prices up 19 paise/litre, diesel by 28 paise as global crude rates rise

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Friday, 2019 7:45:05 PM IST
Following a rise in global crude oil prices, transport fuel rates were hiked on Friday for the third time this month after a prolonged period of fall in petrol and diesel prices.

As per data from state-run Indian Oil Corp, petrol prices rose by 19 paise per litre on Friday and diesel by 28 paise across the four major metros.

Petrol price in the Delhi was increased to Rs 69.07 per litre on Friday, while in Kolkata, Mumbai and Chennai, the fuel cost Rs 71.20, Rs 74.72 and Rs 71.67 per litre, respectively.

Similarly, the price of diesel went up on Friday in the national capital to Rs 62.81 per litre.

In Kolkata, Mumbai and Chennai, diesel sold at Rs 64.58, Rs 65.73 and Rs 66.31 a litre respectively.

With petroleum products being outside the GST regime, prices vary as a result of local taxes.

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.

Following the implementation of production cuts by the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC producers, global crude rates have been hardening and UK Brent crude was trading on Friday close to $62 a barrel after having fallen below $50 last month.

--IANS bc/prs

( 234 Words)

2019-01-11-19:01:13 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Mindtree looks at buyback to block L&T's...
Asia-Pacific Private Equity: India and C...
Markets extend rally for the sixth conse...
UK court issues arrest warrant against N...
Jet passengers stranded at Abu Dhabi as ...
L&T buys Siddhartha's 20.4% stake in Min...
More...
 
INDIA WORLD ASIA
Pramod Sawant to be sworn in as Goa CM...
Parrikar is the 'first victim' of Rafale...
K'taka Deputy CM rubbishes reports of 'p...
Pramod Sawant to succeed Manohar Parrika...
Asaduddin Owaisi files nomination from H...
Jana Sena announces candidates for 5 mor...
More...    
 
 Top Stories
K'taka Deputy CM rubbishes reports ... 
India lodges protest with Pak over ... 
Parrikar is the 'first victim' of R... 
Pramod Sawant to succeed Manohar Pa... 
One of 7 abducted Indians return ho... 
Advani, Mehta to clash in CCI snook... 
Miwaiz ready for NIA questioning, b... 
India, Maldives vow to combat terro...