Diesel prices in India today rises by 8 - 9 paisa; Chennai sees most hike
The diesel prices were raised in the range of 8 paisa to 9 paisa per litre, with Chennai seeing most surge.
Diesel price in India were increased by even higher rate on Thursday, if compared with petrol prices decided by state-owned Hindustan Petroleum Corp Limited (HPCL), Indian Oil Corp (IOCL) and Bharat Petroleum Corp Limited (BPCL). The diesel prices were raised in the range of 8 paisa to 9 paisa per litre, with Chennai seeing most surge. In previous day, diesel prices were brought down in various state capital, however, today, they have risen in line with the global crude oil - which has seen uptick lifted by a surprise draw on U.S. crude inventories as well as ongoing dollar weakness which makes oil cheaper in global markets and potentially spurs demand.
Diesel price in New Delhi: Diesel price in the national capital was up by 8 paisa and was available at Rs 62.88 per litre compared to Rs 62.80 per litre of the previous day.
Diesel price in Kolkata: Similarly, 8 paisa hike was made here as diesel was available at Rs 65.57 per litre against Rs 65.49 per litre of the previous day.
Diesel price in Mumbai: Diesel here was valued at Rs 66.96 per litre, up by 8 paisa, versus previous day price of Rs 66.88 per litre.
Diesel price in Chennai: Diesel price in Chennai saw most surge of 9 paisa, and was available at Rs 66.30 per litre from Rs 66.21 per litre of previous day.
Diesel prices in other state capitals: The product in Bangalore was available at Rs 63.94 per litre, Bhopal at Rs 66.31 per litre, Bhubaneswar at Rs 67.29 per litre, Chandigarh at Rs 61.04 per litre, Dehradun at Rs 63.51 per litre, Gandhinagar at Rs 67.67 per litre, Hyderabad at Rs 68.32 per litre, Jaipur at Rs 67.24 per litre, Lucknow at Rs 63.35 per litre, Patna at Rs 67.46 per litre, Raipur at Rs 67.93 per litre and Srinagar at Rs 66.21 per litre.
It was known in Reuters report that, some support for crude futures came from currency markets, where the dollar <.DXY> fell as Federal Reserve officials stuck to their view of three rate increases for 2018, even as they delivered an expected quarter point rate hike.
This has led to U.S. West Texas Intermediate (WTI) crude futures were at $65.39 a barrel at 0021 GMT, up 22 cents, or 0.3 percent, from their previous close. Brent crude futures were at $69.65 per barrel, up 18 cents, or 0.3 percent.
Both benchmarks are hovering just below their highest levels since early February, having risen around 10 percent from March lows, added the report.