Petrol, diesel prices in India reach 10-month high on oil price volatility - EntornoInteligente /

New Delhi: Petrol and diesel prices across the country remained unchanged on Wednesday, staying at 10-month high levels on the back of oil price volatility in the global market. The price of petrol and diesel in the national capital remained unchanged on Wednesday at Rs 74.61 per litre and Rs 67.49 per litre, respectively. The price in Mumbai also remained same at Rs 80.21 per litre and Rs 70.76 per litre. OMCs fix the price of petrol and diesel at retail outlets based on an average of the past 15 days of the benchmark prices of petrol and diesel in the Middle East. India’s state-owned Oil Marketing Companies (OMCs) have hiked the price of petrol and diesel by Rs 2.64 per litre and Rs 2.12 per litre in the national capital since 14 September, the day of the historic drone attack on Saudi oil facilities . Oil prices are now below the levels reached during the attacks as Saudi Arabia has restored its full oil production and capacity. Brent crude was trading at $59.27 per barrel in afternoon trade on Wednesday. Market research agencies have projected that Indian refiners may increase prices of both the automobile fuels by Rs 5-6 per litre.
LINK ORIGINAL: Energy.economictimes.indiatimes


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