New Delhi: On Wednesday, Petrol and diesel prices remain unchanged across the major cities for the second consecutive day. Petrol is being retailed at Rs 72.86 a litre in Delhi while diesel costs Rs 66.49 per litre, no change compared with yesterday’s price. In Chennai, petrol and diesel are selling for Rs 75.67 a litre and Rs 70.26 per litre, respectively, as per data available with Indian Oil Corp website. Similarly, petrol is retailing at Rs 78.48 per litre and diesel can be availed at Rs 69.64 a litre in Mumbai, no change in price as against Tuesday’s rates.

While for citizens in Kolkata have to pay Rs 74.93 for a litre of petrol while diesel retailed at Rs 68.28 per litre. In Noida also, petrol price remained unchanged at Rs 72.24 and diesel price stood at Rs 65.59. In Gurugram, petrol, diesel prices remained stagnant at Rs 72.78 and Rs 65.70 respectively. Worth mentioning here is that the retail fuel prices in Delhi are the cheapest among all metros and most state capitals due to lower taxes. Since the beginning of this year, the price of petrol was increased by about Rs 4 a litre and that of diesel by about Rs 5 a litre. In October 2018, petrol prices had climbed to a record high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai. Diesel peaked to Rs 75.45 a litre in Delhi and Rs 80.10 in Mumbai.

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Here it is to be noted that on Wednesday, in the international oil market, crude prices dropped amid a sudden rise in US crude inventories, but losses were covered by ongoing supply checks and issues affecting output from countries including Venezuela. International Brent crude oil futures were trading at USD 67.85 per barrel, down 12 cents, or 0.2 per cent, from their last close.

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