Diesel price in India today: Chennai rate at Rs 69, Mumbai nears Rs 70; check Delhi, Bangalore
Diesel price in India today: There is limited room for making cut in fuel prices mainly because global crude oil have continued to edge up, government and state are reluctant in trimming down excise duty and VAT.
Diesel price in India today: Unlike petrol prices, the state-owned Oil companies have been increasing the price of diesel at much higher rate, and Saturday was no different as the price of this product was raised in the range of 15 paisa to 16 paisa per litre in various state capital of India. With the massive increase, diesel has now become more expensive in cities like Mumbai and Chennai. On the other, petrol price just saw hike between 13 paisa to 14 paisa each per litre. Meanwhile, international crude oil prices edged up on Friday, stabilizing after an earlier slide driven by U.S. President Donald Trump`s criticism of OPEC`s role in pushing up global oil prices. There is limited room for making cut in fuel prices mainly because global crude oil have continued to edge up, government and state are reluctant in trimming down excise duty and VAT.
Diesel price in New Delhi: Diesel price in the national capital was available at Rs 65.46 above 15 paisa compared to previous day prices of Rs 65.31 per litre.
Diesel price in Kolkata: Similarly, diesel price in this city also surged by 15 paisa and was valued at Rs 68.16 per litre in comparison with previous day price of Rs 68.01 per litre.
Diesel price in Mumbai: Shockingly, the diesel price in Mumbai has neared Rs 70 per litre-mark. Today, the price was valued at Rs 69.70 per litre above 16 paisa as against previous day price of Rs 69.54 per litre.
Diesel price in Chennai: The product in this city saw the biggest hike over the last few days, so much so, that Chennai would be second city to witness Rs 69-per litre mark after Mumbai. However today, the price of this product stood at Rs 69.06 per litre higher by 16 paisa compared to previous day price of Rs 68.90 per litre.
Diesel prices in other state capitals: The product in Bangalore was available at Rs 66.57 per litre, Bhopal at Rs 68.88 per litre, Bhubaneswar at Rs 70.24 per litre, Chandigarh at Rs 63.55 per litre, Dehradun at Rs 65.75 per litre, Gandhinagar at Rs 70.30 per litre, Hyderabad at Rs 71.12 per litre, Jaipur at Rs 69.76 per litre, Lucknow at Rs 65.58 per litre, Patna at Rs 70.09 per litre, Raipur at Rs 70.69 per litre and Srinagar at Rs 68.77 per litre.
Moreover, Brent crude oil futures gained 28 cents, or 0.4 percent, to settle at $74.06 per barrel. West Texas Intermediate crude futures for delivery in June, the most active U.S. contract, were up 7 cents at $68.40. The May WTI contract, which expired on Friday, gained 9 cents, or 0.1 percent, to settle at $68.38.