Petrol and diesel prices rose again on Friday, November 29, while in the international market crude oil prices edged lower for the third consecutive day.
Petrol has become costlier by five paise per litre in Delhi, Kolkata and Chennai and four paise per litre in Mumbai after remaining constant for the last two days. Oil marketing companies have increased the price of diesel by five paise in Delhi and Kolkata while in Mumbai and Chennai by six paise per litre after four days of stability.
According to the website of Indian Oil, the price of petrol in Delhi, Kolkata, Mumbai and Chennai has increased to Rs 74.81, Rs 77.49, Rs 80.46 and Rs 77.77 per litre respectively. The price of diesel has also increased to Rs 65.78, Rs 68.19, Rs 69 and Rs 69.53 per litre respectively in the four metros.
Petrol price at 1-year high
On Thursday, state-controlled oil marketing companies kept the retail prices of petrol and diesel unchanged for the second consecutive day across the country. After today's price hike, the retail price of petrol is now at a 1-year high.
The February contract of Brent crude, the benchmark crude oil on the International Market Intercontinental Exchange, was trading at $ 63.05 a barrel, down 0.35 per cent from the previous session on Friday.
At the same time, American Light crude on the New York Mercantile Exchange was trading at $ 58.23 a barrel with a decline of 0.15 per cent in January contract of West Texas Intermediate.