Petrol, diesel prices rise again; Brent crude rises to $80.39 a barrel

By Team Mynation  |  First Published Oct 12, 2018, 12:52 PM IST

The government revised the prices last week. After the revision, petrol is being sold at Rs 82.48 per litre, while diesel rates have escalated to Rs 74.90 in the national capital.

New Delhi: Fuel prices rose again on Friday in all metro cities with petrol touching Rs 82.36 per litre, an increase of 10 paise from Thursday’s price in Delhi. In Mumbai, the petrol prices rose by 8 paise to Rs 87.82 per litre, the fuel was retailing Rs 84.19 in Kolkata, up 10 paise, and Rs 85.61 in Chennai, an increase of 11 paise.
 
On the other side, diesel prices were raised by 27 paise each in New Delhi to Rs 74.62 per litre and in Kolkata to Rs 76.47 per litre. Also, there is an increase of 29 paise each in Mumbai and Chennai where the fuel today is retailing at Rs 78.22 per litre and Rs 78.90 per litre, respectively.
 
After petrol prices had peaked to a record high of Rs 91.34 in Mumbai, the Narendra Modi-led government announced a cut of Rs 2.5 slash in petrol and diesel prices, which led to many BJP-ruled states across the country following suit. It was a relief for the common man as petrol and diesel prices fell by up to Rs 5 in the major metros following the announcement.
 
Reuters reported that crude oil prices steadied on Friday after a market rout driven by fall in equity markets across the world. Brent crude futures rose 13 cents to $80.39 a barrel by 0042 GMT, while the contract fell 3.4% on Thursday, after hitting a low of $79.80, its weakest since September 24.
 

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