NEW DELHI : Even as crude oil rates fell by more than a percent yesterday, the prices of petrol and diesel rose by 19 paise a litre and 16 paise a litre, respectively. Since the last two weeks, there hasn’t been a single day when the fuel prices have declined.
In Delhi, a litre of petrol costs ₹74.61, Bengaluru ₹77.10, Mumbai ₹80.21, Chennai ₹77.50, Hyderabad ₹79.25 and Gurgaon ₹74.41. A litre of diesel, on the other hand, costs ₹67.49 in Delhi, Bengaluru ₹69.74, Mumbai ₹70.76, Chennai ₹71.30, Hyderabad ₹73.51 and Gurgaon ₹66.55.
Since September 17, petrol price has gone up by ₹2.44 a litre while that of diesel by ₹1.91 a litre. The recent surge in prices is a consequence of drone attacks on Saudi oil facilities on September 14.
Crude oil rates:
Oil prices rebounded today. December Brent crude futures rose 44 cents, or 0.7% to $59.69 a barrel by 0202 GMT, while U.S. West Texas Intermediate crude was up 39 cents, or 0.7%, at $54.46 a barrel.
Oil prices are likely to remain steady, with Brent averaging $65.19 a barrel and WTI $57.96 in 2019, as flagging demand outweighs supply shocks, a Reuters survey showed.
Brent futures have slumped 8.7% since the end of June after a brief spike earlier this month due to drone strikes on the Abqaiq processing facility and Khurais oil field.
BS-VI fuel:
From today, you can buy BS-VI petrol and diesel all across the Delhi-NCR area as 2,200 retail outlets of state-run oil marketing companies –Indian Oil Corporation Ltd. (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL)– have started supplying BS-VI grade fuels in Haryana’s seven districts including Gurgaon and Faridabad.
Pay higher for credit card payments:
If you use credit cards for making payments at petrol pumps, you will no more get any discount. Earlier, banks were offering 0.75% cashback on fuel transactions done through credit cards but now it has been discontinued. However, you can still get discounts on debit cards and other modes of digital payments.
