New Delhi: On Wednesday (April 17), State-run oil marketing companies kept the prices of petrol and diesel stable across the major cities. In national capital Delhi, a litre of petrol costs Rs 72.93 while diesel is retailing at Rs 66.31 a litre, no change compared with Tuesday's price, according to data from Indian Oil Corporation website.
In all major metro cities prices are as, In Mumbai, citizens have to shell out Rs 78.50 for a litre of petrol while diesel costs Rs 69.40 per litre. Similarly, in Chennai, petrol and diesel are selling for Rs 75.69 a litre and Rs 70.01 per litre, no change in rates against yesterday’s prices.in Kolkata, the prices of petrol and diesel are Rs 74.95 a litre and Rs 68.05 per litre respectively. In Gurugram also, petrol price remained stable at Rs 72.79 and diesel price at Rs 65.51. In Noida, petrol, diesel prices remained unchanged at Rs 72.25 and Rs 65.40 respectively. Worth mentioning here is that the prices of petrol by were raised 5-6 paise per litre, while diesel prices remained static across four major cities in the country on Monday. So far this year, petrol prices increased by about Rs 4 per litre, while diesel rates went up by 5 a litre in major cities of the country. The retail fuel price in the country is dependent on the global crude prices and the rupee-US dollar exchange rate as India imports 80 per cent of its crude requirements.
However it is worth mention here that in the international oil market, crude prices went up, backed by worries over tightening global supply because of US curbs against Iran and Venezuela. International Brent crude oil futures were trading at USD 71.93 per barrel, up 21 cents or 0.3 per cent from their last close.