Monday, January 21, 2019

Petrol, diesel prices hiked sharply on Monday. Check latest rates

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With the new climb, a liter of petroleum costs Rs 71.14 in Delhi while diesel rate has gone up to Rs 65.71 per liter after a 26 paise climb over yesterday's cost. In Mumbai, workers need to pay Rs 76.77 per liter after a climb of 19 paise.
Oil and diesel costs were modified upwards on Monday by major PSUs in an offer to counter a droop in rupee's esteem and expanding worldwide unrefined petroleum rates.

With the crisp climb, a liter of petroleum costs Rs 71.14 in Delhi while diesel rate has gone up to Rs 65.71 per liter after a 26 paise climb over yesterday's cost. In Mumbai, workers need to pay Rs 76.77 per liter after a climb of 19 paise.




Oil costs have gone up fundamentally in different urban areas like Kolkata (Rs 73.23/liter), Chennai (Rs 73.85/liter), Gurugram (Rs 71.89/liter), Bengaluru (Rs 73.48/liter), Hyderabad (Rs 75.47/liter), Patna (Rs 75.21/liter) and Trivandrum (Rs 74.31/liter).

Diesel cost has likewise gone up generously in urban areas like Hyderabad (Rs 71.43/liter), Bhubaneshwar (Rs 70.32/liter) and Trivandrum (Rs 70.57/liter), Patna (Rs 70.57/liter), Jaipur (Rs 68.13/liter) and Chennai (Rs 69.41/liter).

Fuel costs have been on the ascent the nation over since January 7 after worldwide raw petroleum costs recuperated from a lofty droop.
The plunging estimation of rupee against the US dollar has likewise pushed oil PSUs to build oil and diesel rates the nation over.

Both petroleum and diesel rates have gone up by nearly Rs 3 since the start of 2019 and are probably going to go up further as unrefined petroleum costs keep on picking up force. Brent Crude costs, a key marker of worldwide oil costs, has gone up to 62.83 dollar per barrel. Unrefined costs arranged an astounding recuperation in the wake of drooping very nearly 30 percent a year ago because of a crush underway.
A stoppage in worldwide oil creation is gainful for economies which rely upon oil trades yet is unsafe to significant oil bringing in nations like India.Costs of petroleum and diesel in India had achieved crest levels on October 4, 2018, after which the legislature went under outrageous strain to retain fuel costs. An ascent in fuel value again could prompt expansion, prompting lower efficiency

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