Diesel price in India today up by 2 paisa
Diesel price hike was followed by the trend seen in international crude oil where the global commodity traded steady.
Since past few days, the state-owned oil companies have decided to follow an opposite trend for fuel indicators like petrol and diesel, and Thursday was no different. Petrol prices were decreased by 2 paisa each per litre, the diesel price however was increased by 2 paisa each per litre in various state capitals of India. The hike in diesel price was followed by the trend seen in international crude oil where the global commodity traded steady supported by healthy global demand, but capped by relentless rise in US production that is undermining efforts led by producer cartel OPEC to cut supplies and prop up markets.
Diesel price in New Delhi: Diesel price in the national capital was up by 2 paisa and was available at Rs 62.87 per litre compared to Rs 62.85 per litre of the previous day.
Diesel price in Kolkata: Similarly, 2 paisa hike was made here as diesel was available at Rs 65.56 per litre against Rs 65.54 per litre of the previous day.
Diesel price in Mumbai: Diesel here was valued at Rs 66.95 per litre, higher by 2 paisa versus previous day price of Rs 66.93 per litre.
Diesel price in Chennai: Compared to the above mentioned three metro cities, diesel price in Chennai saw a hike of 2 paisa, and was available at Rs 66.29 per litre from Rs 66.27 per litre of previous day.
Diesel prices in other state capitals: Other cities also saw reduction in their diesel prices. The product in cities like Bangalore was available at Rs 63.93 per litre, Bhopal at Rs 66.41 per litre, Bhubaneswar at Rs 67.44 per litre, Chandigarh at Rs 61.03 per litre, Dehradun at Rs 63.50 per litre, Gandhinagar at Rs 67.78 per litre, Hyderabad at Rs 68.31 per litre, Jaipur at Rs 67.34 per litre, Lucknow at Rs 63.34 per litre, Patna at Rs 67.45 per litre, Raipur at Rs 67.92 per litre and Srinagar at Rs 66.20 per litre.
Reuters technical commodity analyst Wang Tao said market signals for Brent pointed to a continuation of recent sideways movements, although he added that technical chart indicators were "indicating the current sideways move may end very soon."
US West Texas Intermediate (WTI) crude futures rose 7 cents, or 0.1 percent, to $61.03 a barrel by 0518 GMT. Brent crude futures were at $64.90 per barrel, up 1 cent from their last close.