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Petrol becomes costlier, diesel prices drop

NEW DELHI, MAR 22 (AGENCIES) | Publish Date: 3/22/2019 12:27:45 PM IST

Following the daily revision in retail fuel prices, petrol prices rose while diesel prices fell by 7-8 paise on Friday. 

Petrol prices in New Delhi were increased by 5 paise to Rs 72.76 a litre on Friday as against Rs 72.71 on Thursday. Diesel in the national capital was retailing at Rs 66.65 a litre, 7 paise decrease from Thursday’s price, IOC stated. 

Meanwhile, in Dimapur petrol price per litre on Friday was Rs. 70.43 while in Kohima it was pegged at Rs. 71.25 per litre. Diesel in Dimapur was Rs. 64.11 per litre and in Kohima it was Rs. 64.73. In the international oil market, crude prices held near 2019 highs, supported by supply cuts led by OPEC and US curbs Iran and Venezuela. 

International Brent crude oil futures were trading at USD 67.82 per barrel, down 4 cents from their last close.

It may be noted that retail petrol price had peaked to Rs 84 a litre in Delhi and it crossed the Rs 91 mark in Mumbai in October last year. So far this year, petrol prices went up about Rs 4 per litre in major cities of the country. 

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