Petrol price in India today up by 3 paisa each; Check rates in Delhi, Mumbai, other metros
Petrol price in India today: The state-owned oil companies have limited room to cut prices of petrol, as global crude oil basket continues to edge higher.
Petrol price in India today: After keeping petrol prices unchanged on previous day, the state-owned Oil Companies on Thursday, decided to hike the price of the product by 3 paisa per litre in various state capital of India. The state-owned oil companies have limited to room to deduct prices of petrol, as global crude oil basket continue to edge higher. Today, international oil prices rose, buoyed by the U.S. government data showing a surprise drawdown in crude stockpiles and an easing of tensions over a trade row between the United States and China.
Petrol prices in India have been on mixed bag since the start of 2018, as oil companies like Hindustan Petroleum Corp Limited (HPCL), Indian Oil Corp (IOCL) and Bharat Petroleum Corp Limited (BPCL) decide the final retail petrol price by taking into consideration the international crude basket, plus state's Value Added Tax (VAT) and government's excise duty.
Petrol price in New Delhi today: It was priced at Rs 73.98 per litre up by 3 paisa compared to previous day price of Rs 73.95 per litre.
Petrol price in Kolkata today: While in Kolkata petrol prices stood at Rs 76.69 per litee, higher by 3 paisa compared to previous day price of Rs 76.66 per litre.
Petrol price in Mumbai today: Petrol has remained four-year high in this city since start of 2018, and Thursday, was the same, as the price stood at Rs 81.83 per litre, up by 3 paisa as against Rs 81.80 per litre of the previous day.
Petrol price in Chennai today: This city has been witnessing major hike in past few weeks, and on Thursday, the petrol prices was valued at Rs 76.75 per litre up 3 paisa as against previous day price of Rs 76.72 per litre.
Petrol price in other state capitals today: Petrol prices in Bengaluru stood at Rs 75.15 per litre, in Bhopal at Rs 79.52 per litre, Bhubaneswar at Rs 72.82 per litre, Chandigarh at Rs 71.14 per litre, Dehradun at Rs 75.82 per litre, Gandhinagar at Rs 73.30 per litre, Hyderabad at Rs 78.35 per litre, Jaipur at Rs 76.69 per litre, Lucknow at Rs 75.32 per litre, Patna at Rs 79.49 per litre, Raipur at Rs 74.43 per litre and Srinagar at Rs 78.37 per litre.
Meanwhile, U.S. West Texas Intermediate crude for May delivery was up 27 cents, or 0.4 percent, at $63.64 a barrel by 0445 GMT after settling down 14 cents. Front-month London Brent crude for June delivery was up 30 cents, or 0.4 percent, at $68.32, having ended down 10 cents.
According to Reuters report, Oil also got support from firm global equities, as the United States expressed willingness to negotiate a resolution on trade after proposed U.S. tariffs on $50 billion in Chinese goods prompted a quick response from Beijing that it would retaliate by targeting key American imports.