New Delhi: On Friday, April 5, following the daily revision in retail fuel rates, petrol prices rose by 5 paise while diesel prices remain unchanged across four metropolitan cities in the country. Petrol prices in New Delhi were raised by 5 paise to Rs 72.91 a litre as against Rs 72.86 on Thursday. Diesel in the national capital is retailing at Rs 66.14 a litre, no change in price compared with Thursday’s rate, according to data from Indian Oil Corporation website.
In metro cities prices are as citizens in Mumbai have to shell out Rs 78.48 for a litre of petrol after a 5 paise increase over Thursday’s rate. Diesel prices were unchanged from Thursday’s level at Rs 69.22 per litre in Mumbai. Retail petrol price in Kolkata was hiked by 5 paise to Rs 74.93 a litre, from Rs 74.88 recorded on Thursday. Diesel prices were stagnant at Rs 67.88 per litre. Similarly, in Chennai, petrol is sold at Rs 75.67, up 5 paise compared with yesterday’s price of Rs 75.62 a litre, and diesel is sold at Rs 69.83 a litre, no change in price compared with Thursday’s rate.
However, it is worth mentioning here is that the retail prices of fuel in Delhi are the cheapest among all metros and most state capitals due to lower taxes. In October last year, petrol prices had peaked to a record high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai. Diesel prices went up to Rs 75.45 a litre in the national capital and Rs 80.10 in Mumbai.
Previously on Thursday, in the international oil market, crude prices dropped amid worries about new developments in US-China trade talks. International Brent crude oil futures were trading at USD 69.17 per barrel, down 23 cents, or 0.3 per cent, from their last close. International benchmark Brent went up about 30 per cent this year.