Petrol and diesel prices shot up for the third consecutive day on Friday, October 22, touching an all-time high across the country. In the national capital, petrol prices were hiked by 35 paise, according to a price notification by state-run oil marketing companies (OMCs). Similarly, the price of diesel also hiked by 35 paise in Delhi, according to the price notification.
Petrol price in Delhi has risen to Rs.106.89, up from Rs. 106.54 on Thursday. Meanwhile, diesel is retailing at Rs 95.62 on the, up from Rs 95.27 on Thursday, after the latest price revision across India, showed an Indian Oil Corporation update. On the other hand, in the financial capital of Mumbai, a litre of petrol got costlier by 34 paise and is now retailing at Rs 112.78. Diesel in Mumbai is priced at Rs 103.63 per litre, up by 37 paise as compared to the price on Thursday.
In Chennai, petrol costs Rs 103.92 a litre while one litre of diesel is being sold at Rs 99.92. In Kolkata, the precious fuel costs Rs Rs 107.45 and per litre, which is expensive by 33 paise while diesel costs Rs 98.73 a litre, which is costlier by 35 paise.
In Bhopal, however, fuel prices witnessed a different trend. The petrol price went down by 7 paise to Rs 115.28 while diesel prices saw a dip of 0.2 paise to Rs 104.60 per litre.
However, crude oil prices fell on Friday in the international markets with Brent on track for its first weekly dip in seven weeks, Reuters reported. This comes as demand for oil in power generation eased amid dipping coal and gas prices. A forecast of a mild winter in the United States also accounted for the change, according to the Reuters report. Brent crude prices dropped by 48 cents or 0.6%, to $84.13 a barrel at 0502 GMT, extending a $1.21, the report said. On Thursday, Brent had touched a three-year high of $86.10, but was on track to go down by 0.8% in the week, this being its maiden weekly dip since September 3.