Petrol, diesel prices were hiked again on Friday as international crude prices continued to rally. After Friday’s revision petrol, diesel prices became costlier by 18-32 paise per litre across various cities of the country. In the National capital Delhi, petrol is sold at Rs 69.07 as against Rs 68.88 per litre on Thursday and diesel is sold at Rs 62.81, 28 paise higher than yesterday’s price of Rs 62.53.
In Mumbai, petrol price increased by 19 paise to Rs 74.72 as against Thursday’s price of Rs 74.53. Diesel in Mumbai became costlier by 30 paise to Rs 65.73. In Noida, petrol price rose to Rs 69.24 while diesel price was hiked by 24 paise to Rs 62.42 per litre. In Gurugram, petrol, diesel prices rose to Rs 70.27 and Rs 63.03 respectively.
In the other two metros- Chennai and Kolkata- petrol is retailing at Rs 71.67 and Rs 71.20 respectively as against Rs 71.47 and Rs 71.01 respectively on Thursday. Similarly, diesel in these two cities was retailing at Rs 66.31 and Rs 64.58 respectively on Friday.
Crude prices edged higher on Thursday, supported by comments from the US Federal Reserve chairman, but gains were capped as optimism surrounding US-China trade talks faded. On Friday, crude prices fell marginally and the Brent crude futures were trading 0.21 per cent lower at $61.55 per barrel. Despite Friday’s price fall, Brent crude is set for weekly gains of more than 7 per cent.
Meanwhile, the rupee also fell against the US dollar. On Friday, it was trading 8 paise lower against the US dollar at 70.49.