Diesel prices remain unchanged for 9th day today, stay at record highs
Due to Karnataka assembly poll, the state-owned OMCs chose to follow opposite trend despite drop in the global crude as they kept diesel price today unchanged for the ninth consecutive day in various state capitals of India.
Diesel price in India today: International crude oil price today edged higher on the back of concerns that the United States may re-impose sanctions on major exporter Iran, as the soaring US supplies capped gains. The state-owned OMCs also chose to follow opposite trend despite drop in the global crude, keeping diesel price unchanged for ninth consecutive day in various state capitals of India due to the assembly polls in Karnataka. On May 12, the Karnataka will go for the polls.
There has been massive increase in diesel prices, which is why, metro cities and other state capitals have touched record highs, especially Mumbai, where it stood over Rs 70 per litre mark and now looks like Kolkata and New Delhi may also see prices at Rs 69 per litre and Rs 66 per litre mark respectively.
On Tuesday, Economic Affairs Secretary Subhash Chandra Garg reportedly said the government is not considering cutting excise duty on petrol and diesel yet as rates have not touched levels that could trigger such an action.
Diesel price in New Delhi: Diesel price in the national capital has neared to Rs 66 per litre-mark, as the product was available at Rs 65.93.
Diesel price in Kolkata: Similarly, diesel price was valued at Rs 68.63 per litre. Considering the limited room for reduction in diesel prices, Kolkata may soon become the third metro city to touch Rs 69-level.
Diesel price in Mumbai: Shockingly, the diesel price in Mumbai has reached to Rs 70.20 per litre-mark highest among metro cities.
Diesel price in Chennai: This city became the second metro to witness Rs 69-per litre mark after Mumbai. The price of the product stood at Rs 69.56 per litre.
Diesel prices in other state capitals: The product in Bangalore was available at Rs 67.05 per litre, Bhopal at Rs 69.38 per litre, Bhubaneswar at Rs 70.75 per litre, Chandigarh at Rs 64.01 per litre, Dehradun at Rs 66.22 per litre, Gandhinagar at Rs 70.81 per litre, Hyderabad at Rs 71.63 per litre, Jaipur at Rs 70.25 per litre, Lucknow at Rs 66.05 per litre, Patna at Rs 70.57 per litre, Raipur at Rs 71.20 per litre and Srinagar at Rs 69.24 per litre.
Moreover, Brent crude oil futures were at $73.25 per barrel at 0020 GMT, up 12 cents, or 0.2 percent, from their last close. The US West Texas Intermediate (WTI) crude futures were up 20 cents, or 0.3 percent, at $67.45 per barrel.