Petrol prices rise 18 paisa per litre today
In Chennai, petrol price was raised by 19 paisa and made was available at Rs 74.40 per litre compared to previous day prices.
Following the global crude trend, petrol prices in India were hiked by state-owned oil companies in the range of 18 to 19 paisa per litre, with Chennai seeing maximum rise on Friday.
Data given by Indian Oil Corp, it was known that on March 2, petrol prices in New Delhi, Kolkata and Mumbai stood at Rs 71.75 per litre, Rs 74.50 per litre and Rs 79.63 per litre respectively as against previous day prices - witnessing increase of 18 paisa per litre each.
While in Chennai, petrol price raised by 19 paisa and was made available at Rs 74.40 per litre compared to previous day prices.
Petrol price on March 1 was at Rs 71.57 per litre in New Delhi, Rs 74.32 per litre in Kolkata, Rs 79.45 per litre in Mumbai and Rs 74.21 per litre in Chennai.
Moreover, US West Texas Intermediate (WTI) crude was up 5 cents, or 0.1%, at $61.04 by 0233 GMT after touching a two-week low of $60.18 a day earlier.
A Reuters report stated that US oil prices edged up on Friday, snapping three days of declines, but gains were limited as Asian share markets extended a selloff on Wall Street after news of planned US tariffs on steel and aluminium raised fears of a trade war.
Meanwhile, US crude is on track for a 4 percent drop this week, its first weekly decline in three, having given up much of the gains in recent weeks when sentiment was boosted by a fall in stocks at the Cushing delivery point for WTI.
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