Petrol-diesel prices held steady for fifth consecutive day

Jul 04 2020 03:02 PM
Petrol-diesel prices held steady for fifth consecutive day

New Delhi: Pay troll and diesel prices remained stable for the fifth consecutive day on Saturday, but global oil prices remained firm this week. Brent crude prices rose nearly two per cent over the previous week. Although market experts point out that as long as the price of crude oil is below $ 45 per barrel, the price of petrol and diesel is unlikely to increase as petrol and diesel prices have already gone up.

Benchmark crude oil Brent crude rose to above $ 43 this week but fell slightly to close at $ 42.80 a barrel at the end of the week. In Delhi, the price of diesel has increased by Rs 11.14 per litre while the price of petrol has increased by Rs 9.17. Diesel is being sold more expensive than petrol in NCR.

The rise in the prices of petrol and diesel is due to the recent increase in crude oil as well as an increase in tax on both fuels. Petrol is being sold in Delhi at Rs 80.43 per litre, with a tax of Rs 51.54 per litre. Similarly, the price of diesel is Rs. 50.66 per litre for Rs. 80.53.

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